The End of Cheap China: Economic and Cultural Trends that will Disrupt the World is the title of Shaun Rein‘s book, expected in March 2012. But the debate on the book has already started, at his linkedIn Group, The End of Cheap China.
Wages in China are going up, and China’s government is trying to offset a plummeting export with increased domestic consumption. Is is working? At the LinkedIn group The End of Cheap China, IMD professor Bill Fischer kicks off the discussion:
Last week, I heard the CEO of a very large European company claim that “a new Iberia” of consumers joins the Chinese market every year…..but, consumption’s role in GDP continues to be an disappointing basis for hoping for decoupling. Is it that the overall economy continues to grow so fast that the increase in consumption doesn’t show up?
- Apple is lagging behind Google’s android – Shaun Rein (chinaherald.net)
- Jobs in China? Not that easy – Shaun Rein (chinaspeakersbureau.info)
- Inflation undermines consumer confidence – Shaun Rein (chinaherald.net)
- China tied by debt and inflation – Shaun Rein (chinaherald.net)
- Why China should not bail out Europe – Shaun Rein (chinaherald.net)