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The End of Cheap China: Economic and Cultural Trends that Will Disrupt the World [Kindle Edition]

Shaun Rein
4.2 out of 5 stars  See all reviews (8 customer reviews)

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Product Description

Review

“…brilliantly written, colourful, witty and well signposted, so that readers know the lessons they are meant to draw from each chapter before moving on to the next one. These writers will not be the last to offer an answer to the question of what makes China tick. But they could be among the best of them.”–from “A Slice of the China Market” in The Financial Times “Rein combines elegant writing and methodical research. Years of working in China have given him access to important players. Incisive interviews with billionaires, business executives, government officials, and migrant workers guide the pulse of the narrative.... essential reading.”– USA Today  “Must Read.”– Consulting Magazine

Product Description

An exposé on how the rise of China will affect the American way of life

The End of Cheap China is a fun, riveting, must-read book not only for people doing business in China but for anyone interested in understanding the forces that are changing the world.

Many Americans know China for manufacturing cheap products, thanks largely to the country's vast supply of low-cost workers. But China is changing, and the glut of cheap labor that has made everyday low prices possible is drying up as the Chinese people seek not to make iPhones, but to buy them. Shaun Rein, Founder of the China Market Research Group, puts China's continuing transformation from producer to large-scale consumer - a process that is farther along than most economists think - under the microscope, examining eight megatrends that are catalyzing change in China and posing threats to Americans' consumption-driven way of life.

Rein takes an engaging and informative approach to examining the extraordinary changes taking place across all levels of Chinese society, talking to everyone from Chinese billionaires and senior government officials to poor migrant workers and even prostitutes. He draws on personal stories and experiences from living in China since the 1990s as well as hard economic data. Each chapter focuses on a different aspect of China's transformation, from fast-improving Chinese companies to confident, optimistic Chinese women to the role of China's government, and at the end breaks down key lessons for readers to take away.

The End of Cheap China shows:

  • How rising labor and real estate costs are forcing manufacturers of cheap Chinese products to close, relocate, or move up the value stream
  • How a restructuring economy moving away from exports to domestic consumption, and rising incomes will create opportunities for foreign brands to sell products in China rather than just producing there
  • How Chinese consumption will build pressure on the global commodities markets, causing both inflation and friction with other nations
  • How China's economic transformation spells the end of cheap consumption for Americans

China's days as a low cost production center are numbered. The End of Cheap China exposes the end of America's consumerist way of life and gives clear advice on how companies can succeed in the new world order.


Product details

  • Format: Kindle Edition
  • File Size: 450 KB
  • Print Length: 245 pages
  • Page Numbers Source ISBN: B008H1C4MG
  • Publisher: Wiley; 1 edition (15 Feb. 2012)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B007BGZN58
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Bestsellers Rank: #345,692 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

4.2 out of 5 stars
4.2 out of 5 stars
Most Helpful Customer Reviews
2 of 2 people found the following review helpful
Format:Hardcover|Verified Purchase
I really enjoyed reading this book. I am hungry to learn more about China and like everyone else trying to workout for myself where it's story is leading it and by implication the rest of the world economy. Reading this book has made me feel like I have substantially improved my understanding of this extraordinary country.

The author is an American of part Chinese heritage. Add to this his economics background and thriving Chinese business in market research and he is well qualified to be a type of ideal "our man in Beijing" correspondent. However he does provide a tangibly sympathetic and pro China (and it's leadership) feel to this book.

I found the "End of Cheap China" thesis suggested in the title to be both less central and not as completely convincing as one could have expected. The book is more like a very good synopsis of what is happening in China generally rather than a focused treatment of this specific economic question. In terms of casting doubt on the thesis of China becoming too expensive for cheap manufacturing, there was a section which detailed the high wages of seamstresses in a furniture factory on the one hand, but then an example of a couple whose husband returned to the countryside because he could not find high paying work in another section. For me a mixed picture emerges rather than a black and white case.

The labour markets in China are obviously tightening a bit, and many would think this is long overdue, but I did not read anything in this book which convinced me that China is likely to see bottom end wage rises like which has happened in South Korea any time soon.
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6 of 7 people found the following review helpful
2.0 out of 5 stars sanitised view of China 11 Jun. 2012
Format:Hardcover
This is one of those books that seems to presume that everything is reducible to China and America. It is aimed for airport book shelves (light reading)and is subsequently laced with anecdotes and simplistic generalizations. It is an excellent marketing book for the Chinese government; this is probably not surprising as the author continues to work in China and criticizing the regime is not going to add to guanxi. Lines like 'most everyday Chinese do not care about measures limiting Internet access' are uninformed: what is an everyday Chinese? How does he know this? Most Chinese (everyday or not) know there is little they can do. Aside from the lack of critical analysis and many incorrect statements (i.e. the price of coffee in Perth Australia is over $US7!!) the book's main proposition is correct. China is moving up the value chain and the cost of labor is getting more expensive. There is some useful information if you can get past the smooze. However the book does not deal with China's informal labor economy in any meaningful way; there is only a brief mention of shanzhai culture (and this is in the context of one fake sandwich shop)and while there is a chapter on real estate there is no mention of the problems of how government manipulates real estate pricing via land use regulations.
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1 of 1 people found the following review helpful
5.0 out of 5 stars Best book I've read lately 24 Dec. 2013
Format:Hardcover
The book made a strong impression on me from the first pages and I knew I would postpone all other readings before finishing it. It's very well structured and comprehensive and you will find the title very well covered in the content. I would recommend the book to both China fans and those who still think that China means mainly cheap low quality goods. I am glad that I chose this book from a very long list of appealing titles because reading it was a very rewarding experience. I'm looking forward to reading more materials written by this author.
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1 of 1 people found the following review helpful
5.0 out of 5 stars The End Of Cheap China 2 Nov. 2012
Format:Hardcover|Verified Purchase
Dear All,

I am currently half way through reading this book and the first half has been very informative and in my humble opinion very well written. Shaun uses a good style of language for any reader to get a good understanding of China.

I am a banking professional with a specific focus on individuals that reside in the Asia Pacific and had bought this book in the hope to get a better understanding of my client base. This book has so far delivered me in depth knowledge - which has resulted in large success.

I would be happy to endorse this book for its layout, style, detail and relevance to a world in which the dominance of an East is quickly raising and where wealth is now raising from the 2nd generation.

A clear winner from similar books and I would definitely recommend you have a read if you have any interest in this part of the world or a fellow banking professional.

If any of you potential readers wants a further insight feel free to contact me directly.
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