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"An expose; on how the rise of China will affect the American way of life As China gains recognition for more than its low-cost manufacturing, the glut of cheap labor is drying up. America's growth for the past three decades is largely thanks to Chinese laborers' willingness to slave away in factories. As China takes on a more significant role in international affairs and as commodity prices rise, Americans face a deepening threat to their accustomed way of life and consumption. The Collapse of China Cheap exposes eight mega-trends that are catalyzing change in China, explains the impact those trends will have, and gives expedient tips as to how businesses can profit in the changing global marketplace.The Collapse of China Cheap 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 export to domestic consumption will create opportunities for foreign brands to enter China's sales market as incomes rise How Chinese consumption will build pressure on the global commodities markets, causing inflation and friction with other nations China's days as a low cost production center are numbered. The Collapse of China Cheap exposes the end of America's consumerist way of life and gives clear advice on how to succeed in the changing global marketplace"--
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As China evolves, so does the global marketplace—all the way down to the consumerThe End of Cheap China is a detailed look at the rise of China, and how it will affect the global marketplace. A thorough exploration of the changes taking place in the Chinese economy, the book explains how much of the Western consumerist culture is built on the back of cheap Chinese factory labor, and warns that the era is coming to a close. Readers will learn why the cheap labor pool is beginning to dry up, what that means for the rest of the world, and how businesses will have to adapt to stay afloat. This updated second edition includes new statistics, the latest news on the Chinese economy, and additional case studies that illustrate the ways in which China has developed—into a brand-new potential market.China's social, political, and economic evolution will affect the entire world. Rising incomes are building pressure on the global commodities market, inflation is only just beginning, and consumers are experiencing sticker shock as cheap labor is becoming harder to find. The End of Cheap China explains the factors driving these changes, the impact that can be expected, and the opportunities that constitute a major silver lining for businesses panicking about the coming paradigm shift. Readers will:Discover the eight mega-trends changing China, and how far the ripples will spreadLearn how rising costs in China will dramatically affect the American way of lifeExamine the rise of Chinese consumption, and the friction it engendersConsider the changes businesses must make to remain profitable in a changing worldThe global marketplace is evolving, and it's up to businesses to keep pace with the changes. The End of Cheap China provides a roadmap for navigating these changes, helping businesses lead the charge toward a more affluent global economy.
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