“Made in China” No Longer Means Cheap

Sven Agten ()

Chapter Chapter 1 in Adventures in the Chinese Economy: 16 Years from the Inside, 2021, pp 1-18 from Springer

Abstract: Abstract China used to be a country where labor, production, raw materials, and daily life were cheap. Now, however, this is hardly the case anymore. Relentless economic growth and industrialization, combined with a huge amount of urbanization and the One-Child Policy, led to increased production costs, the production of high-quality goods, and a country where nothing is cheap anymore.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-1167-4_1

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DOI: 10.1007/978-981-16-1167-4_1

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