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The Chinese Century: The Rising Chinese Economy and Its Impact on the Global Economy, the Balance of Power, and Your Job by Oded Shenkar

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Chapter 6. The Business Challenge

China's rise has already left its mark on businesses throughout the world. If you are in a labor-intensive industry, such as textiles, apparel, shoes, and man-made luggage, Chinese competition may have driven you out of business. If you occupy the higher end of the market, you may have gotten there as a defensive move against low-cost Chinese imports only to find out that this segment, too, is susceptible to competition from China and from other countries escaping the low margin zone. If you are a producer of durable household goods, such as appliances, you may still be in business courtesy of Chinese manufacturing or outsourcing; perhaps you are already not doing much more than slapping your brand label on a ...

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