Table of Contents

Prologue ix Chapter 1 Chinese Billionaires Outnumber American Ones 1 Chapter 2 Cheap Chinese Labor? Not Anymore: China s Workers Are Demanding Better Pay and Better Conditions And They Are Earning Them 19 Chapter 3 Stability Is the Key to Happiness: How China s Government Thinks and Why It Acts the Way It Does 39 Chapter 4 The Modern Chinese Woman 63 Chapter 5 Why Chinese Consider Kentucky Fried Chicken Healthful: China s Iffy Food Supply Chain Is Putting a Premium on Safe Food 85 Chapter 6 Understanding Corruption in China: What China s Underground Sex Trade Shows about Its Government 103 Chapter 7 China s Real Estate Sector: Boom or Bust or Something Else? 125 Chapter 8 Chinese Neo-Colonialism in Africa and the End of American Hegemony? 147 Chapter 9 China s Educational Sector: Preventing China from Cementing Its Superpower Status 171 Chapter 10 What the End of Cheap China Means for the Rest of the World 189 Epilogue 203 Postscript 205 Acknowledgments 209 Index 211

About the Author

SHAUN REIN is the founder and Managing Director of the China Market Research Group, a leading strategic market intelligence firm that advises Fortune 500 companies, private equity firms, and hedge funds about profiting in China. Millions read his weekly CNBC column on business in China. He regularly appears on Bloomberg TV, MSNBC, BBC, CNN, and NPR, and is often featured in The Wall Street Journal , the Financial Times , and the New York Times .