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The End of Cheap China, Revised and Updated: Economic and by Shaun Rein

Posted On February 25, 2017 at 4:52 pm by / Comments Off on The End of Cheap China, Revised and Updated: Economic and by Shaun Rein

By Shaun Rein

“REIN MASTERFULLY CAPTURES the place [CONSUMERS] were AND the place THEY DREAM OF GOING.” FORTUNE

PRAISE FOR the top of inexpensive CHINA

“Brilliantly written.” Financial Times

“Rein combines stylish writing and methodical study. Years of operating in China have given him entry to big gamers. Incisive interviews with billionaires, company executives, govt officers, and migrant staff consultant the heartbeat of the narrative . . . crucial reading.” USA Today

“Engaging. filled with bright anecdotes from chinese language billionaires to senior social gathering officers or even prostitutes. For any foreigners pondering doing enterprise within the heart state, The finish of inexpensive China is an effective position to start.” Reuters

“Must-read.” Consulting Magazine

“A energetic read.” Straits Times

“An within look.” Industry Week

“Compelling, attractive, informative.” The Cayman Islands Journal

“Lively, well-written book.” South China Morning Post

“Engaging, hugely readable type with real-life examples from colossal catalog of China examine. For stable degree, Rein wedded into China’s elite, marrying the granddaughter of Eighties Politburo chairman Marshal Ye Jianying” Asia Times

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Additional resources for The End of Cheap China, Revised and Updated: Economic and Cultural Trends That Will Disrupt the World

Sample text

N ot A nymore 25 Mongolia, where employee turnover was less of a problem and costs were stable. As I made my way to the Laura Furniture factory dining room, Bob outlined more of the problems his company was facing. S. dollar was further eroding margins and hitting his business hard. Because all of Laura’s factories are overseas, a declining dollar means his input costs for production in China or Vietnam are going up, while the end price to American consumers is staying the same or even dropping as he has to discount more to get Americans to open their wallets.

After all, retail sales there have been growing 16 to 18 percent a year for the past five years, as incomes rise and millions of Chinese buy their first homes and move into livable housing for the first time. By selling into China, rather than looking at it solely as a manufacturing base for export, Bob not only could tap into the wallets of China’s rising middle class but also price his furniture in renminbi. Even if the currency continued to appreciate as the central government indicated it would, he would not have to worry about raising prices or fear currency fluctuations.

The Chinese Communist Party recently named Qian one of the 50 most important party members in history, despite having been killed more than a decade before the official founding of the People’s Republic of China in 1949. Out of friendship and gratitude to Qian for saving his life, Zhou Enlai went out of his way to care for Qian’s daughter, Lili Li. During the Cultural Revolution, Jiang Qing sought to eradicate threats to her dominance and exact revenge for petty offenses. She attacked Lili Li’s family with a vengeance reserved for her most bitter enemies and rivals.

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