Date Posted

China pins hopes on society-wide AI push to add jobs, rejuvenate economy

Facebook
X
LinkedIn
WhatsApp
China’s scramble to adopt artificial intelligence will spawn new jobs and propel the world’s second largest economy, say policymakers and company executives, as they play down growing global ​fears that the technology could stunt employment
 Plans unveiled at the opening of parliament’s annual session last week go all-in on AI, detailing ambitions to offset ‌an ageing workforce and long-term economic slowdown through the technology’s “job-creation” effect over the next five years.
“For now, advancing AI adoption and capability appears to be a higher policy priority than pre-emptively addressing potential job displacement,” said Shujing He, Senior Analyst at consultancy Plenum. The emphasis on the positive and job-creating potential of AI leaves policymakers room to respond if more disruptive labour market effects become evident, however, she added. The remarks follow ​Saturday’s comments by Human Resources Minister Wang Xiaoping that China was working to “actively leverage” AI in creating jobs and expanding employment opportunities for 12.7 million university graduates ​this year.
–Reuters–