Summary of The End of Cheap China

Economic and Cultural Trends that Will Disrupt the World

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The End of Cheap China book summary
As Chinese wages rapidly rise, so will the cost of consumer goods for Westerners.

Rating

7 Overall

7 Importance

7 Innovation

8 Style

Recommendation

Think beyond the incorrect stereotypes about China and read Shaun Rein’s reality check. This respected China expert takes you behind the scenes to see what is going on in China today. His main message is a cautionary note for Westerners: As Chinese factory wages skyrocket, products made in China and sold around the globe will become more expensive, and China will become the world’s most dynamic retail market. Despite its perhaps too-benign view of the Chinese government, getAbstract recommends Rein’s report to manufacturers, retailers and consumers.

In this summary, you will learn

  • Why wages are on a dramatic increase in China
  • How this will boost the cost of the world’s manufactured goods
  • Why China is quickly becoming an enticing retail market
  • What motivates China’s rulers
 

Summary

China: It’s Not the Nation You Think It Is
Outsiders wrongly assume that China has millions of poor people who will work for pennies. China does have a vast number of people, 1.3 billion and counting, but pennies won’t do anymore. China was known for cheap labor in the past, but no longer...
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About the Author

Shaun Rein is founder and managing director of the China Market Research Group and the author of a weekly CNBC column on business in China.


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