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The End of Cheap China

Economic and Cultural Trends that Will Disrupt the World
in: Economics
Summary:

The book examines the rising costs of labor and production in China, forecasting an end to the era of inexpensive Chinese goods that has fueled global consumption. It also explores the implications of China's economic evolution on international business and global economic trends, including shifts in consumer behavior and the impact of a growing middle class within China.

Key points:

1. China's End of Cheap Era: Shaun Rein notes China's rising labor and production costs, leading companies to reconsider their reliance on Chinese manufacturing due to shrinking cost benefits.

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