AI and robots are taking over many industries in China. Innovation expert Ashley Dudarenok sees how robots take over the country’s warehouses; she explains on her blog, Chozan. “This is a fundamental rewiring of how goods move through the world’s largest manufacturing and e-commerce economy,” she writes.Read More →
China veteran Kaiser Kuo recalls how it was living in Beijing and other 1st tier cities in China, compared to the US, in an interview at the Smart Cookies Podcast. “It’s a RAT RACE, but unlike the US, you only need 1 job!”, he adds.Read More →
Innovation expert Ashley Dudarenok says human programmers will still be needed in her vlog. But AI is already replacing a range of jobs in China. For example, Alibaba introduced its first AI employee, Tongyi Lingma, last summer, and it made huge inroads into the work process, she notes.Read More →
While in the past youth looked for jobs in the private sector or at foreign companies, they now look for government jobs as they offer more security, says Arthur Kroeber, leading economist and author of China’s Economy: What Everyone Needs to Know®. Most graduates feel the sluggish Chinese economy will continue for some time, he says on CNBC.Read More →
China will start to delay its current retirement age from the start of 2025 in monthly steps for the next 15 years. But business analyst Ashley Dudarenok wonders if changing the country’s very low retirement age is a good idea, for example now the youth unemployment rate is already very low. This and other arguments in her vlog.Read More →
While bullish on the Chinese economy in the long run, business analyst Shaun Rein at CNBC says investors should still be trading down today. While the government financial mini-bazooka has revived the equity markets quite well, he adds, it is not enough to get the economy rolling again.Read More →
Some e-commerce firms in China have profited from a rally of their stocks, triggered off by a major financial stimulus, but that might not help the economy to really improve, says financial analyst Shaun Rein at CNBC. It’s a rally of exuberance, he adds, and might only triple down into the economy in six to nine months. The real problem is for example companies cannot fire their staff very easily, and make their lives hard, hoping they will leave by themselves, he says.Read More →
Consumer confidence is at a low, says business analyst Ben Cavender. But the current crisis has offered Chinese brands to improve their international positioning, and they will rise as winners internationally when China’s job market is back in three to five years, he adds, in the Sydney Morning Herald.Read More →
Former rocket factory worker and author Zhang Lijia discusses labor relations in China in an opinion piece at the South China Morning Post after a video about a dismissal of a worker caused an online uproar. “The government’s commitment to protect its workers is on the line here,” she argues.Read More →
China’s aging population is leaving the labor force while dropping consumer confidence discourages youngsters from marrying or having children. Business analyst Shaun Rein tells Reuters the country is heading for a demographic disaster, and raising the pension age is one inevitable measure the government should take.Read More →
Technological change severely disrupts our lives in the next 5 to ten years, innovation expert Alvin Wang Graylin explained at the Edge Asia-World Expo in Hong Kong. AI and XR come to the rescue, he says. And what does it mean for our jobs?Read More →
The crowds might be back in China’s restaurants but they are not spending as much as they used to. The economy is not back on track, the labor market is bad and salaries are being cut. Business analyst Shaun Rein has sent his researchers out, and they did come back with bad news, he tells CNBC.Read More →