Chinese Economics Thread

siegecrossbow

General
Staff member
Super Moderator
3.5 percent growth is fantastic considering that how devastating the rest pandemic is to the global economy. The primary focus now should be providing jobs for workers, particularly those who work in export related industries, who lost their jobs. That could be a major headache since during previous crises (such as 2008) China still had a high rural population. Worst comes to worst many of them just went back to their villages and tended to crops till work was available again. Urbanization rate in China is much higher now.
 

ZeEa5KPul

Colonel
Registered Member
This is what I am talking about. Employment for young people is very difficult.

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This is why I always give an :rolleyes: whenever anyone brings up demography and tries to use it to argue China's growth will be compromised. The trend of the future is very clearly automation, AI, and other technology making human labour redundant at an accelerating pace. "Demographic dividends" are really humanitarian catastrophes in the making; where are the expanding numbers of Indians and Nigerians going to find jobs?
 

manqiangrexue

Brigadier
China's building new cities, though, like XiongAn. When they are built, they will need their own workforce from cleaners to assembly line workers to analysts, managers, and CEOs/directors.
 

Gatekeeper

Brigadier
Registered Member
A surprising level headed opinion piece from the Guardian about the Huawei fiasco. The opinion piece assertion is that this Huawei fiasco is politically, and not trade driven.

Opinion
The tensions over Huawei are not about trade, but global supremacy
Laurie Macfarlane
The real fear for the US and the UK is that China’s authoritarian economic model could spell the end of liberal capitalism

Thu 16 Jul 2020 08.22 EDT

Rest of the article.

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Petrolicious88

Senior Member
Registered Member
This is why I always give an :rolleyes: whenever anyone brings up demography and tries to use it to argue China's growth will be compromised. The trend of the future is very clearly automation, AI, and other technology making human labour redundant at an accelerating pace. "Demographic dividends" are really humanitarian catastrophes in the making; where are the expanding numbers of Indians and Nigerians going to find jobs?

Japan is at the top of the food chain when it comes to robotics and industrial automation. But japan recognizes that automation is designed to create higher end jobs, not replace humans.

So even with automation, China still needs to find ways to find employment for its citizens.

In fact, automation makes it even harder because creating high end jobs is a lot tougher for the government than low wage manufacturing jobs.
 
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