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The China Price: The True Cost of Chinese Competitive Advantage #2020

The China Price The True Cost of Chinese Competitive Advantage A landmark eyewitness expos of how China s factory economy competes for Western business by selling out its workers its environment and its future In The China Price acclaimed Financial Times corre

  • Title: The China Price: The True Cost of Chinese Competitive Advantage
  • Author: Alexandra Harney
  • ISBN: 9781594201578
  • Page: 214
  • Format: Hardcover
  • The China Price: The True Cost of Chinese Competitive Advantage By Alexandra Harney, A landmark eyewitness expos of how China s factory economy competes for Western business by selling out its workers, its environment, and its future In The China Price, acclaimed Financial Times correspondent Alex Harney uncovers the truth about how China is able to offer such amazingly low prices to the rest of the world What she has discovered is a brutal, Hobbesian woA landmark eyewitness expos of how China s factory economy competes for Western business by selling out its workers, its environment, and its future In The China Price, acclaimed Financial Times correspondent Alex Harney uncovers the truth about how China is able to offer such amazingly low prices to the rest of the world What she has discovered is a brutal, Hobbesian world in which intense pricing pressure from Western companies combines with ubiquitous corruption and a lack of transparency to exact an unseen and unconscionable toll in human misery and environmental damage In a way, Harney shows, what goes on in China is inevitable In a country with almost no transparency, where graft is institutionalized and workers have little recourse to the rule of law, incentives to lie about business practices vastly outweigh incentives to tell the truth Harney reveals that despite a decade of monitoring factories, outsiders all too often have no idea of the conditions under which goods from China are made She exposes the widespread practice of using a dummy or model factory as a company s false window out to the world, concealing a vast number of illegal factories operating completely off the books Some Western companies are better than others about sniffing out such deception, but too many are perfectly happy to embrace plausible deniability as long as the prices remain so low And in the gold rush atmosphere that s infected the country, in which everyone is clamoring to get rich at once and corruption is rampant, it s almost impossible for the Chinese government s own underfunded regulatory mechanisms to do much good at all.But perhaps the most important revelation in The China Price is how fast change is coming, one way or another A generation of Chinese flocked from the rural interior of the country to its coastline, where its factory work largely is, in the largest mass migration in human history But that migration has slowed dramatically, in no small part because of widespread disenchantment with the way of life the factories offer As pollution in China s industrial cities worsens and their infrastructure buckles, and grassroots activism for legal recourse grows, pressures are mounting on the system that will not dissipate without profound change Managing the violence of that change is the greatest challenge China faces in the near future, and managing its impact on the world economy is the challenge that faces us all.

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    1 thought on “The China Price: The True Cost of Chinese Competitive Advantage

    1. This is an excellent book on the subject of the economic miracle in China and what lies underneath this miracle that enables the seemingly eternal low cost products from China Alexandra harney has done extensive research, delving deep into the real price of the low cost goods from China and comes out with startling revelations Unlike other books on the China price , Harney is very balanced and fair in her analysis and investigations and conclusions She speaks both Mandarin and Japanese and has l [...]

    2. MUST READ Many people eating meat would rather not find out how the animals are killed and processed Likewise, we all enjoy affordable products manufactured or assembled in China, but few of us have much understanding of precisely what people do to provide these billions of products at such low prices to our big name brands and distributors The overwhelming human sacrifices and environmental damages often concealed to achieve these low prices is haunting That said, the work has provided incomes [...]

    3. Capitalism Returns to It s RootsAs the Great Recession of the new millennium speeds towards its third anniversary since it started in December of 2007, unemployed US workers of all job levels are once again asking, When will companies begin hiring again This second recession within 9 years will once again be followed by a severe job less recovery The China Price does an awesome job of walking the reader through today s economic practices of large corporations operating in China, and how the Com [...]

    4. Chiny, kraj pi kny, z bogat kultur i histori Niezwyk e, zr nicowane pa stwo, kt re coraz bardziej przekonuje nas, e mamy jeszcze wiele do nadrobienia Bo bez Chin nasza gospodarka wygl da aby zupe nie inaczej Pomimo wielu urokliwych aspekt w tego pa stwa, momentalnie ka demu z nas zapala si lampka w g owie, swego rodzaju ostrze enie przypominaj ce o zabawkach i ubraniach typu Made in China S ku temu powody Termin Chi ska cena dla wielu stanowi synonim kiczu Ale czy na pewno I dlaczego Produkty wy [...]

    5. Fascinating, although somewhat disabling every time I learn about international trade I decide as a matter of conscience I really can t buy anything made overseas for fear it s been made under terrible conditions And since 98% of what I own was made in China, that s sort of a problem People in the West like me don t want their stuff made in sweat shops But they do want it cheap Brands and big stores like Target want to sell their stuff for very cheap while not looking like they re inhumane AND w [...]

    6. In a country with almost no transparency, where graft is institutionalized and workers have little recourse to the rule of law, incentives to lie about business practices vastly outweigh incentives to tell the truth Harney reveals that despite a decade of monitoring factories, outsiders all too often have no idea of the conditions under which goods from China are made She exposes the widespread practice of using a dummy or model factory as a company s false window out to the world, concealing a [...]

    7. At the end of the day, I believe that we the government, corporations, producers and consumers, share equal burden to right the wrongs and must be morally responsible to alleviate the pain shouldered heavily by the poor always the lot most susceptible to exploitation in most of cases.When these companies reallocate themselves to countries that could offer them much lower costs of production this would only shift the same exploitative power to that particular country Hence, the same problem would [...]

    8. This book totally surprised, dismayed, and taught me to understand how miserable the bottom line in price can actually be A must read I read an article in Wired magazine that told a piece of this story, but the toil of tens of millions of migrant Chinese young women workers who voluntarily work 14 to 16 hour days just blew me away How China is caught in a price war while trying to satisfy workers rights How pollution can be so bad to save those extra pennies Thousands of small companies right ne [...]

    9. I got this audiobook from the library, and it is already out of date I think most people know what is going on in China poor wages and poor working conditions for the workers as a way to keep prices low This is because they have to keep costs unrealistically low to compete against other companies who all want contracts from American and European companies, who are competing against each other to get the consumer s dollars One thing that is changing the whole scenario is China s One Child policy, [...]

    10. very readable account of the chinese economy, in the same style as fast food nation or no logo it didn t really tell me anything i didn t know china is competitive as it has lots of labour, poor regulation and unenforced labour laws, lots of symbiotic relationships with other manufacturing industries and good infrastructure the best chapter deals with the human side of the factory the girls who work the floors and the life that is dictated to them by this shame this personal touch isn t applied [...]

    11. very insightful I read two books about this subject around the same time and they or less supportedthe same conclusions, basically that the cost of production is so low b c huge American companies such as Walmart insist on the lowest price, and since most of the people immigrating to the cities from the rural areas needing jobs are presently uneducated, unskilled and unsophisticated, they will accept poverty wages and miserable working living conditions For the time being anyway as UNIONIZATION [...]

    12. A fair, objective look at labor in China Informative, eye opening, as to how private US companies like Walmart are able to offer goods at low prices, and written in such a way that analyzes practices and culture instead of just calling out a few key players and their wrongdoings At the end there s provided ideas as to how China and the rest of the world can help to build a better global economy that allows workers to be fairly compensated and have decent working conditions

    13. A reporter s eye view of the cost of the so called China price to its trading partners, to the global economy, to the environment and to China itself It explains why and at what cost China is hooked on cheap exports Fairly dry reading in places, but often made less so by the inclusion of the stories of Chinese workers and factory owners and managers Are we willing to pay to avoid the cost of the China price or will we all continue to demand the China price

    14. What a stunning book.The china price shows how Workers are literally crushed in sweatshops to provide us with the cheap products In a country where sending your child to elementary school costs a fortune, parents have to leave their children behind to work 14 hours 7 days to earn as little as 150 per month.This book accentuate the necessity to change the existing trading system before it is too late.

    15. The controversial topics of the book are perhaps today well known than they might have been when the book was written and hence for reasons unattributed to the author or the book, it wasn t a very informative read.And even though I didn t quite particularly enjoy reading the book, it does have substance and for those who aren t abreast of the problems of Chinese workers and economy, this book might be money and time well spent.

    16. Not the book for people who want to remain ignorant and believe what they buy doesn t matter Especially starting with chapter 7, Harney lays out the crux of the China Price social accountability and cost reduction are conflicting demands that American brands are almost universally simultaneously demanding The book contains real insight as the author proves adept at understanding both businesses and people a rare gem and provides ample stories and evidences throughout the book.

    17. Despite the book not always aging well in parts, it does a great job in showing a variety of sides in the China factory world, be it companies choosing China, the factory owners, and the employees While I ve always felt Chinese factories were able to produce high quality products if the foreign company s QC was up to snuff, the book shows that there are often deeper layers that can make it harder for a company to fully track what is going on.

    18. A very good overview of what it means to buy something from China in today s world From the corruption to the lax regulations to where the future has to go very well thought our and researched The big question left unanswered is can China and the world find the solution For the world can we learn that cheaper pricing doesn t equal better and for China can it learn to work with its people, industry and environment before its too late Well worth a read

    19. The author brought a prose like approach to a book with an economic theme Using real life stories yet still researching the overall market made the message powerful Also having Corporate retailers, suppliers, and workers all speak about the issue of the china price gave many needed perspectives I however would have liked the inclusion of a Chinese government official s opinion as well Great read for anyone interested in China, economics, and what offshoring jobs really looks like.

    20. One of those books that makes you think again before buying anything not made in America or clearly labeled fair trade I d like to say people wouldn t buy cheap products any after reading about the human and environmental costs, but the spirit of consumerism is so strong here that I honestly don t know what people would choose to do.

    21. Of Cheap electronics and fancy ties,Of millions of workers and their cries.Wish to know where the truth lies,Find it in our review of The China Price Read the review here China Price Book Review

    22. The individual stories in this book are solid, giving a great sense of what China s economy means for working people, managers and foreign investors Her descriptions of the weird world that is the Pearl River Delta are right on target Harney is especially good when she challenges the CSR industry.

    23. Falling pricesd how big companies around the world are able to get products so cheap This is a good overview of how China is able to be the big producer for the rest of the world and it explains what the true costs are to the Chinese people.

    24. I am enjoying this book so far it s accurate about what s occurring in industry and I look forward to reading the rest soon.

    25. Read this book and watch Manufactured Landscapes for an eye opener of where and how our cheap products are produced and the impact they have on people, the environment and the economy.

    26. An enjoyable combination of understanding the author s views of modern Chinese society, business culture, and issues of the day through meaningful, personal interviews and clear analysis.

    27. I ve been to China, rural and tourist China, and it would be interesting to go back there later on in life, to the very country village I went to and see if anything s changed I bet it already has.

    28. Interesting information Too optimistic about asuming China will reform and give their people rights and better working conditions The labor pool is just too huge.

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