This was to be “The Chinese Century.” Lower-cost cars, textiles, and smart phones produced in China have fueled a manufacturing juggernaut that now accounts for 25 percent of global production. But the low-wage labor supply chain that propelled China’s historic growth has started to stagnate even while China’s consumer market evolves into a global economic force. Western manufacturers in China hoping to reach new Chinese customers are facing increased costs, greater environmental regulations, and industry-specific restrictions enforced by the government. What do China’s challenges mean for business leaders and consumers alike? How has the Shanghai free-trade zone changed the market for Western businesses? What will “Made in China” mean in the future?
Jeremy Haft’s book, Unmade in China: The Hidden Truth about China's Economic Miracle, will be available for purchase and signing through The Book Cellar at the event.