= The End Of Cheap China =
=== Shaun Rein 2012 ===
==== Book Notes ====

 . China has changed much in a decade 
 . Jobs plentiful, expectations high
 . consumption skyrocketing, big demand for branded luxury goods
 . Low cost moving to poorer inland, to Vietnam and Indonesia
  . bad infrastructure and unmotivated workers in V. and I.
 . Nike: $2.1B sales in China 2011, highest margins, doubling by 2015
 . 17 million autos, Buick's biggest market
 . most billionaires
 . 1 million millionaires
 . 350 million middle class
  . constant job hopping
 . US could lose $2T in chinese investment due to conflict rhetoric
 . US company China growth: 47% (2009) -> 87% (2010) 
 . Branding important, quality improving
 . Chinese brands, local "flavoring" growing
 . Real estate shoddiness often to hold land for future development
  . Major lack of housing and good retail locations
  . Three generations in 300 square feet
 . Chinese resent delayed product releases
 . Chinese support national government
  . peaceful power transitions
  . Examples of western press distortions
  . Value stability after Cultural Revolution and Gang of Four
    . Shaun Rein married granddaughter of Lili Li, rival of Jiang Qing
  . Resent corrupt local officials
 . 50 million chinese travelled abroad in 2010
 . Younger people make buying decisions for limited-pension parents
 . Women empowered
  . "raised as little princesses"
  . buy 55% of luxury items
  . still major gender inequality in rural
  . value cute, not sexy
  . loyal to brand, not retailers
 . Food supply corrupt
  . Eat KFC, Subway for quality control
  . Cross border traffic in baby food
 . Africa - Chinese trying to invest
  . perceived as imperialists
 . Australia and Canada sell resources to China
 . Pakistanis like China, more money less arrogance
 . poor image marketing in the US
 . Chinese buy US companies, retain management, unlike Japan
 . American shops should have Chinese sales help
 . Chinese education sucks
  . rote memorization, not creativity
  . few universities, no world-class ones
  . Rich parents send kids abroad