A decade ago, when Beijing ended its one-child policy, demographers and economists issued a grim consensus: a rapidly shrinking workforce would cripple China’s manufacturing and export machine. Indeed, the demographic dividend that powered China’s rise between 1980 and 2010 has run its course; from 2022, the population began contracting annually. Yet, rather than surrendering its status as the world’s factory, China is neutralising its demographic crunch with an algorithmic dividend. China has...
As an ageing mainland China takes to AI, Hong Kong must catch up
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SCMP - China Feed 2By Jawahar Panjabi
EXECUTIVE SUMMARY
A decade ago, when Beijing ended its one-child policy, demographers and economists issued a grim consensus: a rapidly shrinking workforce would cripple China’s manufacturing and export machine. Indeed, the demographic dividend that powered China’s rise between 1980 and 2010 has run its course; from 2022, the population began contracting annually. Yet, rather than surrendering its status as the world’s factory, China is neutralising its demographic crunch with an algorithmic dividend. China has..
Key Takeaways
- As an ageing mainland China takes to AI, Hong Kong must catch up.
- A decade ago, when Beijing ended its one-child policy, demographers and economists issued a grim consensus: a rapidly shrinking workforce would cripple China’s manufacturing and export machine.
- Indeed, the demographic dividend that powered China’s rise between 1980 and 2010 has run its course; from 2022, the population began contracting annually.
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Published originally on SCMP - China Feed 2
