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Under China’s “AI Plus” initiative and its five-year plan through 2030, the government is pushing to infuse AI across many industries.
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“What is specific to China is that the government is really into diffusing AI across the economy, so AI may get into different domains more quickly comparing to other countries,” said Zilan Qian, a research associate at Oxford China Policy Lab.
China’s economic growth has already been slowing. Consumer spending has lagged partly due to people becoming reluctant to spend because they’re worried about losing their jobs. It’s added to problems stemming from a prolonged downturn in the housing market that has undermined household wealth.
China’s tech industries may be innovative with high productivity, but they may not generate many new jobs, said Eswar Prasad, a professor of economics and trade policy at Cornell University.
“AI is likely to lift productivity across the board but could have a severe disruptive effect on employment, worsening the employment growth problem and resulting in a detrimental effect on social stability,” he said.
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The CCP is constantly trying to stave off revolution. When viewed exclusively through that lens many of the policies make more sense. The story of China throughout history is the story of revolution. Notable named events in China’s history include the word “rebellion” or “revolution”.
I think at this point they are the closest to a people uprising since 1986.
Factories are burning, more and more people pushing the censorship to the limit. Also the Chinese people are waking up, their money holds no value outside the ccp. When I came back from my last trip I had a bunch of RMB, no bank would exchange it. They made great gifts to friends though…
With Xi Ping in office I will never go back and I loved my times in China. I was in the south, GZ/HK/Shenzhen/Guangdong. I would love to see the North.
Gotcha, I can see this perspective.