An alternative, when you are doing business nowadays its essential to have one or else suffer the consequences.
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Chinese Economics Thread
- Thread starter Norfolk
- Start date
China’s economy had a miserable year. 2024 might be even worse
You can really just look at the first paragraph to see how "serious" the article is:
The Chinese economy was recover quickly in 2023 and resume its role as the undisputed engine of global growth. Instead, it stalled to the point where it’s being called a “drag” on world output by the International Monetary Fund (IMF), among others.
IMF does however only claim that Chinas growth is lower than previously forecast.:
While we project the rebound will underpin growth quickening to 5 percent this year, the economy would slow to 4.2 percent next year amid the deepening property-sector slump, down from the 4.5 percent we had forecast in April.
The drag from China would historically have been offset by forecasts for faster growth in the United States and Japan, but the resulting boost is likely to be more muted this time.
There's a term for this kind of deception called "quotation mining". But it doesn't apply since this is a matter of paraphrasing, the standards are simply too low.
CNN is entertainment, not news.
What's everyone's thoughts on China's new plans for the real estate industry?
One of the priorities is affordable/public housing, similar to Vienna and Singapore.
This sounds like it would transform the housing landscape in China.
Expensive houses mean that most young adults are shut out of the market. Government encouraged affordable housing would dramatically improve that.
One of the priorities is affordable/public housing, similar to Vienna and Singapore.
This sounds like it would transform the housing landscape in China.
Expensive houses mean that most young adults are shut out of the market. Government encouraged affordable housing would dramatically improve that.
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The thing is we are in fourth industrial revolution where AI will disrupt most, if not all of blue collar jobs. We need more stem graduates to make pools of talent. I think about 40% percent of them should graduates.
The best ways to limit is via examination and fair competition. This is why the rich kid with poor performance don't get handicap.
Wait what kind of blue collar professions are likely to be disrupted by AI?
At least the negatively impacted ones that is.
I'm assuming that advances in automation and other machinery that can do low-skilled or no-skill labor will replace the need for the human element, but for things that require more complex knowledge/skill how can AI replace them?
Don't expect AI to replace blue collar professions. No professions based on making decisions/recommendations based on data yeah those professions are the ones placed on the chopping block first.Wait what kind of blue collar professions are likely to be disrupted by AI?
At least the negatively impacted ones that is.
I'm assuming that advances in automation and other machinery that can do low-skilled or no-skill labor will replace the need for the human element, but for things that require more complex knowledge/skill how can AI replace them?
If I had to make a bet China will suffer from a shortage of blue collar workers in like 10~15 years. No one with a bachelor degree wants to do that sort of jobs.
For a part Europe is already there why I think they will open the borders for a long while. Especially if they want to renovate their crumbling infrastructure.
I can only hope I’ve done well enough in life not to have to become like a sexpat loser laowai teaching Chinese and abusing eager bright eyed Caucasian Americans. “Fail in Britain, go to Hong Kong“ was a thing in the 80s, and already Chinese students who have mediocre GaoKao scores go to the west.This will backfire once truth inevitably leaks out though. When China opened itself up in the 80s the sheer dominance of Western countries in technology/science, standards of living, and military helped create one entire generation of kneelers.
If it is high knowledge skill, it's not blue collar job by definitions and required university enrollment to get.Wait what kind of blue collar professions are likely to be disrupted by AI?
At least the negatively impacted ones that is.
I'm assuming that advances in automation and other machinery that can do low-skilled or no-skill labor will replace the need for the human element, but for things that require more complex knowledge/skill how can AI replace them?
All manual labor will be replace especially in manufacturing sector.
Which kind of blue collar jobs can't be replaced by AI or robotics though?Don't expect AI to replace blue collar professions. No professions based on making decisions/recommendations based on data yeah those professions are the ones placed on the chopping block first.
If I had to make a bet China will suffer from a shortage of blue collar workers in like 10~15 years. No one with a bachelor degree wants to do that sort of jobs.
For a part Europe is already there why I think they will open the borders for a long while. Especially if they want to renovate their crumbling infrastructure.
AI and robotics are so advance today and will keep advance further. The disruption will take away at least 60% of total employment ( it's definitely higher)
It's not just blue collar jobs. Given enough time, the fusion of robotics and AI can replace 100% of all human work.Which kind of blue collar jobs can't be replaced by AI or robotics though?
AI and robotics are so advance today and will keep advance further. The disruption will take away at least 60% of total employment ( it's definitely higher)