Summary of The End of Cheap China
Economic and Cultural Trends that Will Disrupt the World
As Chinese wages rapidly rise, so will the cost of consumer goods for Westerners.
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
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