Joshua Bateman — Why China Is Spending Billions To Prepare An Dry Reason Forces Of Robots To Turbocharge Its Economy

• Chinese President Xi Jinping has called for a robot revolution inward manufacturing to boost productivity.
• Wages inward PRC are rising, in addition to it's becoming harder to compete alongside inexpensive labor.
• An aging population inward PRC every bit good necessitates automation. The working-age population, people historic menses fifteen to 64, could drib to 800 i M one thousand past times 2050 from 998 i M one thousand today.
• Chinese robotic increase is forecast to happen twenty pct annually through 2020.

Interesting article to read inward full.

China's socialist ideology commits the elite to dealing alongside inequality inward a mode that capitalist ideology doesn't. It volition endure interesting to come across how this plays out every bit it develops. I suspect that PRC volition recognize that it is a need work long earlier the West does.

CNBC — The Edge
Why PRC is spending billions to prepare an regular army of robots to turbocharge its economy
Joshua Bateman, CNBC contributor