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The End of Cheap China


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Table of Contents

Prologue ix Chapter 1 Chinese Billionaires Outnumber American Ones 1 Chapter 2 Cheap Chinese Labor? Not Anymore: China's Workers Are Demanding Better Pay and Better Conditions-And They Are Earning Them 19 Chapter 3 Stability Is the Key to Happiness: How China's Government Thinks and Why It Acts the Way It Does 39 Chapter 4 The Modern Chinese Woman 63 Chapter 5 Why Chinese Consider Kentucky Fried Chicken Healthful: China's Iffy Food Supply Chain Is Putting a Premium on Safe Food 85 Chapter 6 Understanding Corruption in China: What China's Underground Sex Trade Shows About Its Government 103 Chapter 7 China's Real Estate Sector: Boom or Bust or Something Else? 125 Chapter 8 Chinese Neo-Colonialism in Africa and the End of American Hegemony? 147 Chapter 9 China's Educational Sector: Preventing China From Cementing Its Superpower Status 171 Chapter 10 What the End of Cheap China Means for the Rest of the World 191 Epilogue 205 Acknowledgments 207 Index 209

About the Author

SHAUN REIN is the founder and Managing Director of the China Market Research Group, a leading strategic market intelligence firm that advises Fortune 500 companies, private equity firms, and hedge funds about profiting in China. Millions read his weekly CNBC column on business in China. He regularly appears on Bloomberg TV, CNBC, CBS News, CNN, and NPR, and is often featured in the Wall Street Journal , the Economist , the Financial Times , Bloomberg.com, and the New York Times .


"...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

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