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The End of Cheap China: Economic and Cultural Trends that Will Disrupt the World (Anglais) Relié – 27 avril 2012


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Descriptions du produit

Revue de presse

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

Présentation de l'éditeur

As China evolves, so does the global marketplace all the way down to the consumer

The 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 spread
  • Learn how rising costs in China will dramatically affect the American way of life
  • Examine the rise of Chinese consumption, and the friction it engenders
  • Consider the changes businesses must make to remain profitable in a changing world

The 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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Couverture | Copyright | Table des matières | Extrait | Index | Quatrième de couverture
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Amazon.com: HASH(0x906c47b0) étoiles sur 5 95 commentaires
73 internautes sur 89 ont trouvé ce commentaire utile 
HASH(0x9067939c) étoiles sur 5 Some parts a bit alarmist, strain credibility 20 mars 2012
Par T. Redhed - Publié sur Amazon.com
Format: Relié
As an American businessman living in China for the last three years, not as an expat hanging out with other expats, not as a McKinsey consultant staying in five star hotels, but as a local, I have a hard time buying Mr. Rein's argument about the power of Chinese brands. The reality is, mainland Chinese don't trust Chinese products, for the most part. There are deep cultural and historical reasons for this.

Take Mr. Rein's example of Li Ning. Maybe poor Chinese buy their shoes because they can't afford Nike or Adidas or Puma. The brand itself is not considered "cool". Doesn't matter that the style is ok or that the price point is a little under Nike; it doesn't give face. Go into sports stores here and watch people flock to the foreign brands; Li Ning shelves look like a neglected younger brother. I almost feel sorry for them.

This book takes a semi-alarmist position that doesn't match my experience on the ground. True, some Chinese brands are respected, like Midea, Taobao, Alipay, CTRIP. However, for the author to suggest that China is or is soon to be producing the creative talent needed to really kick butt really strains credibility. One need look no further than their political and education systems to realize that China is about control, and duplicating what is already created. Look closely at their long history, you'll see that it's been that way for a very very very long time, and will continue for a very very very long time. They may buy up foreign companies to get the talent they need, but it's still mostly going to be their usual game of control rather then create.

For a more realistic view, readers can try "Poorly Made In China".
24 internautes sur 29 ont trouvé ce commentaire utile 
HASH(0x905bed74) étoiles sur 5 An Insightful Look Into China From The Inside 6 mai 2012
Par Wilfrid K. F. Wong - Publié sur Amazon.com
Format: Relié
Before End of Cheap China is released to the Asia market, it is already banned in China. Why would a subject on economic and cultural trends that may disrupt the world received such treatment? I am intrigued. The author Rein is a mixed heritage of Chinese and Jewish. He married the granddaughter of 50 most important Chinese Communist party members in history. Because of his business background, he gets to converse with China's leading entrepreneurs on a regular basis. The author practically lives and breathes in China. End of Cheap China is largely a collection of Rein's social, economical, and political opinions of China written in a journal style. Because this is a still business book, at the end of each chapter, there is a short appendix catered for the business readers.

End of Cheap China is a good read, for those who wish to learn more about China from the inside. The journal writing style makes it easy to follow. His observation covers the areas of change in social, economic, political, and foreign affairs in China's past decade and a half. Observation that you may find intrigued due to the fact that International media does not always present the true picture from within China. Here are a few highlights of the book.

- The empowerment of women in China, on the trend of why women are now the social and economic driving force.
- Local officials versus central government, on why it is important to tell the difference as we read the news in China.
- Foreign factories set up in China now undergo pressure on resource turnover, escalated cost, and why they should target the local market.
- An understand of modern China history, Cultural Revolution (66-76).
- Local food-supply problem.
- China real estate market and GDP spending, an alternative view.
- China's foreign policy in 'soft power', example on Africa and Pakistan.
- The difference between Chinese management style and US / Japan management style when a company is taken over.

Because the content of this book is filled with the author's criticisms and opinions, it could get a bit disoriented. This book at times appears to be written for the Western businessmen who are investing in China. In other chapters, the author seems to address to the US government, to the Chinese government, to other governments, or to the Chinese people in China, on what they should or should not do. Each target audience - I would presume - has different agenda and potentially conflicting interests. It is unclear if Rein's goal is to advocate a win-win situation. Personally I would prefer a straightforward journalistic approach such as Nothing to Envy (a book on North Korea). Having said that, End of Cheap China is also a business book and it is packed with action items for those who are doing business in China.

I do not know how a book get banned in China. I admire the author's boldness in analyzing China at the ground level, talking to commoners in China as well as to the Chinese billionaires. To be fair, some of his criticisms go beyond China and are directed towards America. Maybe it is the book title. Or the prologue when he was approached by a young prostitute in 1998. Maybe it is his account of Cultural Revolution. In any case, I would recommend this book for those who wish to see China from a different perspective.
32 internautes sur 40 ont trouvé ce commentaire utile 
HASH(0x905bef0c) étoiles sur 5 Uneven but Generally Very Good 10 mars 2012
Par Alex Turnbull - Publié sur Amazon.com
Format: Format Kindle Achat vérifié
Rein's book isn't an awful lot new to people who have lived or worked in China for a while but if you want to read, say, 3 books on China to "get" China today then this would certainly be one of them. It is hard to find a better reference for understanding the psychology and trends in Chinese consumers, workers, and the like. I've never seen much good research on intergenerational changes in preferences for consumption, savings and the like - I just know it from having been there so its nice someone has drawn on a lot of surveys to lay down the salient points. Similarly, the day to day of Chinese corruption and its causes and the local/national governance dynamic isn't something you read about in bloomberg or elsewhere but is covered here. Most people in China don't want democracy per se - they just want some accountability so that land expropriations stop and food is safe as Rein points out. You don't read that in the NYT but it is the truth.

Where Shaun lets the book down is where he draws very heavily on anecdotes to make broad leaps of logic without having done the work. One example would be in his discussion of China's exchange rate. Leaving aside the obvious point here - you don't wake up with a few trillion in treasuries after a big night out, its not an accident - the argument that appreciation of the yuan doesn't matter flies in the face of recent data in China (the trade balance post 05) plus, oh, I dunno, just about every bit of empirical and theoretical work in economics. Its a breezy comment without much backing unlike the rigorous work on consumption and its profoundly out of place. Sure some industrial clusters are so entrenched they aren't going to move - but in aggregate FX always, always matters.

All in all a great read where Rein sticks to what he knows, which happily as far as Chinese social and consumer trends is most of what there is to know.
10 internautes sur 11 ont trouvé ce commentaire utile 
HASH(0x90679630) étoiles sur 5 If you plan to work or do business in China, read this book. 10 avril 2012
Par Doclkk - Publié sur Amazon.com
Format: Relié
"The End of Cheap China" does a great job of depicting what a future China state looks like. Rein really challenges many Western schools of thought that suggest the cheapness of China and conveys the realities of the Chinese consumer and the socio/economic forces that push and pull them. The book captures the intricacies of the various levels of the Chinese government and their effects on Chinese citizens as well as how we should think about them.

I really enjoyed many of the anecdotes and especially liked the action items at the end of each chapter. They really help in providing actionable steps for those of us that work at brands that are continually trying to figure out the Chinese market. Rein takes a side that is difficult for many Westerners to swallow and yet he still clearly solidifies his case by providing many clear case studies. Throughout the book, you'll find yourself constantly excited and angry all at the same time. Excited for the prospects of the future and angry at the critics of the Chinese. The book also humanizes the Chinese government by explaining the reasoning for the things that they do, which is something that's really hard to do and something that Rein does brilliantly.

If you're going to work in China or thinking about going there just to visit. Do yourself a favor and read this book. It'll be one of the best decision you've made in a long time.
8 internautes sur 9 ont trouvé ce commentaire utile 
HASH(0x90790f78) étoiles sur 5 Eye-opening! 2 mai 2012
Par Helen Wang - Publié sur Amazon.com
Format: Format Kindle Achat vérifié
Shaun Rein brings an insider's view on modern China, drawing his decade-long experience working in China as a consultant and entrepreneur. The book is full of exotic anecdotes, sharp analysis, and unique insights. Having written a book about China's middle class myself, I must say that this book is an eye-opener for me. Rein is unafraid to challenge authorities and conventional views. That's what make this book a truly food for thought.

As Rein pointed out, the West should stop calling China an "emerging market," and instead view it as "changing market,' which is equally important as those in the West.

I chucked when I read that Rein termed China as a "teenager superpower" - an unlikely term, but somehow captured the real nature of China as growing power. I personally think the term of `superpower" is outdated, and I doubt China will ever become a superpower as we know it. But I agree most of Rein's assessments about China's role in the world in the future.

I highly recommend this book for anyone interested in China.
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