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The words “Made in China” has been so rampant in recent years such that it is almost hard to find a product with the words ”Made in USA.” A country that was formally associated with communism and poverty has now become a center of attention when it comes to innovation and inventions. In China Inc, Ted Fishman analyzed how the growth of China is affecting the rest of the world with emphasis on America, and how the rest of the world can react to these changes.
Ted Fishman started by citing examples of how China is becoming the major influence in our everyday lives. China’s hands are in almost every market you could think of, from financial market to technology and other products sold globally. Ted Fishman used several analogies to explain how China has become the place to find solutions and answers to almost any problem you have, be it individually or collectively.
Ted Fishman said, “China is winning because it can make what others did for less money” thereby making products that were ones unaffordable affordable. Because American companies cannot find wages as low as Chinese companies would cost, they are forced to move their operation to China where they can minimize their costs. According to Ted Fishman’s statistics, this paradigm shift can be reversed if the American education is invigorated and the trade gap between China and the United States of America is bridged.
 

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Ted C. Fishman's China Inc. is an insightful book documenting the rise of modern-day China as an economic powerhouse. It tells of Shanghai skyscrapers growing like sunflowers, and the Chinese manufacturing success making products cheaper around the world. But at the same time, it manages to capture the tales of the sweatshop workers with seventy-hour work weeks, and the impact communities such as those in New Hampshire have felt as over one-fifth of their manufacturing jobs disappear. Only, they don't disappear. They're picked up by the Chinese.
China Inc. is packed with eye-opening facts and statistics. Nothing expresses the sheer power of China's massiveness more than the statement that, "[In China] over 320 million people [are] under the age of fourteen, more than the entire population of the United States" (Back Cover). One cannot doubt that China's workforce is a tough opponent upon learning that "China has more speakers of English as a second language than America has native English speakers" (Back Cover). China Inc. accounts for the uglier side of the recent growth with qualitative measurements. In one passage, Fishman tells the story of thousands of woman who flocked to karaoke clubs after realizing the low wages and hardship entailed in sweatshop jobs.
Seeing China's explosive growth, Americans constantly ask the question: Is China an opponent or ally? On one hand, high-quality products are being made affordable to a larger audience in the United States. Ironically, American consumers afford less when their jobs have been exported to China. Fishman approaches this issue objectively, providing arguments supporting both sides. He described the cost of producing in China as the "China Price". For a corporation's bottom line, the China Price is attractive. Products can be manufactured at lower and lower prices. But the output comes at a cost: the inhumane conditions that so many Chinese increasingly have to suffer through. Companies are able to get away by running front and back operations - one to show the inspectors, and one to manufacture at the China Price.
China Inc. is a must-read for those looking for the complete details behind China's economic boom, and what it means for people everywhere.
www.thinkermade.com/blog
 

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Eye opening story of the economic changes in China and how they will affect the US


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