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

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 ...