China's days as a low cost production center are numbered. As China is gaining recognition for more than its low cost manufacturing, the glut of cheap Chinese labor is drying up. What does this mean for global business? America's economic growth for the past three decades has been largely attributed to the willingness of Chinese laborers to slave away in factories. As China begins to take 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 book exposes 8 mega-trends that are catalyzing change in China, explains how those trends impact the rest of the world, and gives expedient tips as to how businesses can turn profit in the changing global marketplace. The book will show 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 This revised and updated paperback includes updated statitics, new information on the Chinese economy, and additional case studies to illuminate how China has developed.
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