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China's work force is set to decline 30% by 2050

Hard to believe India's eCommerce only worth China's 1.2%, and their much talked about consumer driven economy is China's 16%!
India brain drain worse than China.
Nearly all elites of India have left India.
Brain Drain: India suffers much worse than China

and IT 'superpower' and 'biggest' middle-class they bragged```:lol:
I cannot believe their middle class' consumption level.

屏幕快照 2015-09-09 12.30.12.png

Untitled.png
 
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China in 2014
China's retail sales rose 12 percent year on year in 2014 to 26.24 trillion yuan (4.28 trillion U.S. dollars), the National Bureau of Statistics said on Tuesday. Online sales showed robust growth, soaring 49.7 percent year on year in 2014 to 2.79 trillion yuan (430 billion U.S. dollars)

India in 2014
total retail sales 717 billion U.S. dollars
E-commerce sales 5.3 billion U.S. dollars

India's population is a liability.

China's population is an asset.
 
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But you are not changing any policy.

Also, once people get rich and educated, they are less inclined to have children. How will you force them?

By giving money? Let's say you need to give a 100k yuan for one extra child to the parents. Just for a 10 million children it will be a drag of 1 trillion yuan.
You got to be on crack to suggest such outrageous claim. LOL With massive population comes with resources scarcity increase. This is not mention, we take away resources for other living species. You know, human is not the only living species on earth. I hope you know this right?
 
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Friday, September 25, 2015
Rise of the robots in East Asia
By KARL WILSON in Sydney

1443149214054_968.jpg


A prototype robot with two arms, developed by Japanese conglomerate Hitachi, demonstrates its functions at a warehouse in suburban Tokyo, on Aug 25. Japan is the world leader in robotics. Some Japanese companies are moving their manufacturing back to Japan into automated factories. (AFP)


If the data is anything to go by, one in three workers not only in Asia but worldwide will find themselves replaced by new technology and robots within the next 10 years.

A study by Oxford University has estimated that about 47 percent of all jobs in the United States are at risk from technology, many of them in sectors needing high-level skills, wages and education.

The Committee for the Economic Development of Australia (CEDA), a respected think tank, said that more than 5 million jobs — almost 40 percent of the Australian work force — could disappear over the next 10 to 15 years due to technological advancements.

Gartner, the US-based IT research and advisory firm, said advances in technology, especially robotics and drones, could replace one-third of workers worldwide by 2025.

So should Asian governments be concerned?

“Certainly Asia needs to be worried,” said Serguei Netessine, professor of technology and operations management at graduate business school INSEAD in Singapore.

“It needs to be sowing the seeds now. It cannot afford to wait until it is too late,” he told China Daily Asia Weekly.

Education and planning are key to addressing this issue, Netessine said.

He added that Asian governments must start planning the skill sets that will be required for the new economies that technology and robotics will create.

“This will mean planning everything — from what will be taught to the types of universities that will be needed to produce the people who will design, build and program such things as robots and drones,” said Netessine.

“The workplace of tomorrow will be a very, very different place from that which we know today.”

The Economist pointed out that the impact of technology on jobs of the future will be immense.

“From driverless cars to clever household gadgets, innovations that already exist could destroy swathes of jobs that have hitherto been untouched,” the publication said.

It added that the public sector is one obvious target, because of its resistance to “tech-driven reinvention”.

“But the step change in what computers can do will have a powerful effect on middle-class jobs in the private sector too,” it said. And with the advent of big data, “computers are increasingly able to perform complicated tasks more cheaply and effectively than people”.

Leading the world in the field of technology and robotics is Japan.

In July, the Henn-na Hotel — staffed by 80 robots and just 10 humans supervising security and cleaning — opened in Nagasaki.

Companies such as Canon and Honda, which shifted manufacturing offshore years ago, are now moving back to Japan and into fully automated factories with much less human staff.

This shift means low production and labor costs, especially in a country like Japan that is hobbled by an aging population and a growing labor shortage.

Corporate America has been doing much the same alongside other advanced economies.

China, which had been slow to adapt to technological change, is losing no time in catching up with other countries as it moves from a manufacturing-based economy to one built on technology and innovation.

Robotics company Shanghai PT Info, for example, launched a robot in August that can entertain and monitor elderly people.

Like Japan, China also has an aging population. Based on government data, China’s work force peaked in 2011 and has been declining ever since.

Lu Jiehua, professor of sociology at Peking University, said robots offer a relatively simple solution to the problem, a view shared by other senior officials in the country.

Wang Weiming, deputy director of the equipment department at the Ministry of Industry and Information Technology, said the development of the robotics industry will solve the labor shortage in China and reduce labor costs in the manufacturing sector.

At a conference in Orlando, Florida last year, Peter Sondergaard, senior vice-president and head of global research at Gartner, said that smart machines were an emerging “super class of technologies that perform a wide variety of work, both the physical and the intellectual kind”.

“The cognitive capability in software will extend to other areas, including financial analysis, medical diagnostics and data analytic jobs of all sorts,” he said.

“Knowledge work will be automated as will physical jobs with the arrival of smart robots.”

He added that digital businesses require less labor and machines will make sense of data faster than humans can.

Since the Industrial Revolution took off in the 18th century, machines have made many manual jobs redundant while creating new jobs.

The difference today is that technology, robots and artificial intelligence (AI) are also taking over jobs that require “brain power”, said Li Yanfei, an economist with the Economic Research Institute for ASEAN and East Asia (ERIA).

Sondergaard from Gartner cited, for example, that AI programs can now write basic financial reports and sports news reports once done by journalists.

Not all jobs will disappear, though, he said.

“In fact, new jobs are being created all the time — jobs that require sophisticated decision-making, judgment, problem solving and personal interactions.”

Sondergaard listed an array of jobs that robots cannot replace yet, such as those of researchers, engineers, medical professionals and senior care attendants.

“Even in laborious manufacturing, machines cannot replace human beings everywhere … at least not yet.”

This applies, for instance, to the initiative by Apple supplier Foxconn to replace millions of workers in its production lines for the iPhone and iPad with robots.

“Robots, especially affordable ones, cannot mimic human fingers in the nimbleness and dexterity in the assembly of handset devices,” Sondergaard said.

“These devices are so small that the precision required in assembly cannot be reached by these affordable robots. There are high-end ones that could do, but they are too expensive and it is more economical to use human labor.”

Netessine of INSEAD said there is a growing fear in Asia that robots will replace much of the labor-intensive work that is now moving offshore from China.

“Sure, some jobs will go, but others will stay. The apparel sector is a good example of an industry that employs a lot of people.

“But machines are not flexible enough to do something like sewing,” he said, adding he does not see certain jobs going away soon.

Li from ERIA said sectors such as apparel, toy manufacturing, shoes, heavy chemicals and some components of food processing will be able to absorb the uneducated or less-educated segments of the population and provide them with better living standards.

“I don’t think machines and robots will take away these jobs soon, as long as the cost of labor remains low. But these jobs will not make the countries rich,” he said.

“What Asian countries should be thinking about is leapfrogging … in other words, jumping to customized production with design, brand and quality.”

This, Li said, applies to other sectors as well such as tourism, organic food production and healthcare.

“They key here, however, will be attracting high-end manpower and that will require better education.”

Netessine pointed out that rising labor cost is the underlying reason why jobs move offshore.

“Sure, machines have replaced a lot of manual jobs in developed countries such as the US, and now we are seeing it with precision jobs,” he said.

“It is happening fast in the US. In China it will take five to 10 years, but it is happening. Those jobs will move to higher-end sectors. People will need to ‘re-skill’.”

Drones, for example, are expected to replace trucks and delivery vans. But people will still be needed to design, build and program drones, he added.

“Computers, AI, robotics and drones will all create new jobs, new skills,” Netessine said. “As for what will happen in 20 to 40 years, I have no idea.”
 
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Friday, September 25, 2015
Rise of the robots in East Asia
By KARL WILSON in Sydney

1443149214054_968.jpg


A prototype robot with two arms, developed by Japanese conglomerate Hitachi, demonstrates its functions at a warehouse in suburban Tokyo, on Aug 25. Japan is the world leader in robotics. Some Japanese companies are moving their manufacturing back to Japan into automated factories. (AFP)


If the data is anything to go by, one in three workers not only in Asia but worldwide will find themselves replaced by new technology and robots within the next 10 years.

A study by Oxford University has estimated that about 47 percent of all jobs in the United States are at risk from technology, many of them in sectors needing high-level skills, wages and education.

The Committee for the Economic Development of Australia (CEDA), a respected think tank, said that more than 5 million jobs — almost 40 percent of the Australian work force — could disappear over the next 10 to 15 years due to technological advancements.

Gartner, the US-based IT research and advisory firm, said advances in technology, especially robotics and drones, could replace one-third of workers worldwide by 2025.

So should Asian governments be concerned?

“Certainly Asia needs to be worried,” said Serguei Netessine, professor of technology and operations management at graduate business school INSEAD in Singapore.

“It needs to be sowing the seeds now. It cannot afford to wait until it is too late,” he told China Daily Asia Weekly.

Education and planning are key to addressing this issue, Netessine said.

He added that Asian governments must start planning the skill sets that will be required for the new economies that technology and robotics will create.

“This will mean planning everything — from what will be taught to the types of universities that will be needed to produce the people who will design, build and program such things as robots and drones,” said Netessine.

“The workplace of tomorrow will be a very, very different place from that which we know today.”

The Economist pointed out that the impact of technology on jobs of the future will be immense.

“From driverless cars to clever household gadgets, innovations that already exist could destroy swathes of jobs that have hitherto been untouched,” the publication said.

It added that the public sector is one obvious target, because of its resistance to “tech-driven reinvention”.

“But the step change in what computers can do will have a powerful effect on middle-class jobs in the private sector too,” it said. And with the advent of big data, “computers are increasingly able to perform complicated tasks more cheaply and effectively than people”.

Leading the world in the field of technology and robotics is Japan.

In July, the Henn-na Hotel — staffed by 80 robots and just 10 humans supervising security and cleaning — opened in Nagasaki.

Companies such as Canon and Honda, which shifted manufacturing offshore years ago, are now moving back to Japan and into fully automated factories with much less human staff.

This shift means low production and labor costs, especially in a country like Japan that is hobbled by an aging population and a growing labor shortage.

Corporate America has been doing much the same alongside other advanced economies.

China, which had been slow to adapt to technological change, is losing no time in catching up with other countries as it moves from a manufacturing-based economy to one built on technology and innovation.

Robotics company Shanghai PT Info, for example, launched a robot in August that can entertain and monitor elderly people.

Like Japan, China also has an aging population. Based on government data, China’s work force peaked in 2011 and has been declining ever since.

Lu Jiehua, professor of sociology at Peking University, said robots offer a relatively simple solution to the problem, a view shared by other senior officials in the country.

Wang Weiming, deputy director of the equipment department at the Ministry of Industry and Information Technology, said the development of the robotics industry will solve the labor shortage in China and reduce labor costs in the manufacturing sector.

At a conference in Orlando, Florida last year, Peter Sondergaard, senior vice-president and head of global research at Gartner, said that smart machines were an emerging “super class of technologies that perform a wide variety of work, both the physical and the intellectual kind”.

“The cognitive capability in software will extend to other areas, including financial analysis, medical diagnostics and data analytic jobs of all sorts,” he said.

“Knowledge work will be automated as will physical jobs with the arrival of smart robots.”

He added that digital businesses require less labor and machines will make sense of data faster than humans can.

Since the Industrial Revolution took off in the 18th century, machines have made many manual jobs redundant while creating new jobs.

The difference today is that technology, robots and artificial intelligence (AI) are also taking over jobs that require “brain power”, said Li Yanfei, an economist with the Economic Research Institute for ASEAN and East Asia (ERIA).

Sondergaard from Gartner cited, for example, that AI programs can now write basic financial reports and sports news reports once done by journalists.

Not all jobs will disappear, though, he said.

“In fact, new jobs are being created all the time — jobs that require sophisticated decision-making, judgment, problem solving and personal interactions.”

Sondergaard listed an array of jobs that robots cannot replace yet, such as those of researchers, engineers, medical professionals and senior care attendants.

“Even in laborious manufacturing, machines cannot replace human beings everywhere … at least not yet.”

This applies, for instance, to the initiative by Apple supplier Foxconn to replace millions of workers in its production lines for the iPhone and iPad with robots.

“Robots, especially affordable ones, cannot mimic human fingers in the nimbleness and dexterity in the assembly of handset devices,” Sondergaard said.

“These devices are so small that the precision required in assembly cannot be reached by these affordable robots. There are high-end ones that could do, but they are too expensive and it is more economical to use human labor.”

Netessine of INSEAD said there is a growing fear in Asia that robots will replace much of the labor-intensive work that is now moving offshore from China.

“Sure, some jobs will go, but others will stay. The apparel sector is a good example of an industry that employs a lot of people.

“But machines are not flexible enough to do something like sewing,” he said, adding he does not see certain jobs going away soon.

Li from ERIA said sectors such as apparel, toy manufacturing, shoes, heavy chemicals and some components of food processing will be able to absorb the uneducated or less-educated segments of the population and provide them with better living standards.

“I don’t think machines and robots will take away these jobs soon, as long as the cost of labor remains low. But these jobs will not make the countries rich,” he said.

“What Asian countries should be thinking about is leapfrogging … in other words, jumping to customized production with design, brand and quality.”

This, Li said, applies to other sectors as well such as tourism, organic food production and healthcare.

“They key here, however, will be attracting high-end manpower and that will require better education.”

Netessine pointed out that rising labor cost is the underlying reason why jobs move offshore.

“Sure, machines have replaced a lot of manual jobs in developed countries such as the US, and now we are seeing it with precision jobs,” he said.

“It is happening fast in the US. In China it will take five to 10 years, but it is happening. Those jobs will move to higher-end sectors. People will need to ‘re-skill’.”

Drones, for example, are expected to replace trucks and delivery vans. But people will still be needed to design, build and program drones, he added.

“Computers, AI, robotics and drones will all create new jobs, new skills,” Netessine said. “As for what will happen in 20 to 40 years, I have no idea.”


Japan is by far the most aggressive user of robotics. What about the economy?

It is shrinking. Robotics couldn't be making too much of a difference.
 
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So what does it feels like, knowing that as a parent, your grandchild (singular) will never know the joys of having uncles and aunts ?

If China wants more children, it needs to get out of the nation’s bedrooms | Isabel Hilton | Comment is free | The Guardian
Now it is a vast laboratory of social, cultural and psychological rupture, with nearly two generations of atomised individuals with no siblings, no cousins, no aunts or uncles.
Recently, I became an uncle for the 4th time. The first pair of nephew/niece are now in college. Now I will have a niece on my lap and a baby nephew in my arms. My brother and sister considered their lives full.

One cannot help but feel sorry for the Chinese.
 
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So Indians' vegetables and fruits average consumption is less than half of that of Chinese, and they basically don't consume meat. So what do they eat exactly?

Cereals, Dairy.

We are the largest producer of milk by far.

Also, in almost all cereals we are in top 2.

Indian diet is not very vegetable or fruit heavy, but cereal and dairy heavy.

The CCP successfully forced most Chinese to have one child(Believe me it's not an easy task). I have no doubt that it can also force people to have more children if it's necessary to do so.

I hope so.

But it is not that easy. How are you gonna do it? Monetary benefits will not work. Check the example of Singapore.

Looks though our Indian friends are aming for population of 2 billion in 30 years。:lol:

Now if only we were a nation of 500 million souls。:azn:

Healthy and strong souls。:enjoy:

Deadly dream.

In the end it is all about population, because fundamentally human productivity will always remain the same for different people given similar access to technology and skills.

Also, right now China is far from reaching or even claiming to reach a per capita GDP of 40k.

Hard to believe India's eCommerce only worth China's 1.2%, and their much talked about consumer driven economy is China's 16%!

E commerce is a sector that explodes with right circumstances. Right now, the stage and infrastructure is being laid down. Soon it will boom.

Just see Chinese experience.
 
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Cereals, Dairy.

We are the largest producer of milk by far.

Also, in almost all cereals we are in top 2.

Indian diet is not very vegetable or fruit heavy, but cereal and dairy heavy.



I hope so.

But it is not that easy. How are you gonna do it? Monetary benefits will not work. Check the example of Singapore.



Deadly dream.

In the end it is all about population, because fundamentally human productivity will always remain the same for different people given similar access to technology and skills.

Also, right now China is far from reaching or even claiming to reach a per capita GDP of 40k.



E commerce is a sector that explodes with right circumstances. Right now, the stage and infrastructure is being laid down. Soon it will boom.

Just see Chinese experience.
Again, typical Indian "me too" attitude.
Dude, u won't get "me too" achievements.
 
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Friday, September 25, 2015
Rise of the robots in East Asia
By KARL WILSON in Sydney

1443149214054_968.jpg


A prototype robot with two arms, developed by Japanese conglomerate Hitachi, demonstrates its functions at a warehouse in suburban Tokyo, on Aug 25. Japan is the world leader in robotics. Some Japanese companies are moving their manufacturing back to Japan into automated factories. (AFP)


If the data is anything to go by, one in three workers not only in Asia but worldwide will find themselves replaced by new technology and robots within the next 10 years.

A study by Oxford University has estimated that about 47 percent of all jobs in the United States are at risk from technology, many of them in sectors needing high-level skills, wages and education.

The Committee for the Economic Development of Australia (CEDA), a respected think tank, said that more than 5 million jobs — almost 40 percent of the Australian work force — could disappear over the next 10 to 15 years due to technological advancements.

Gartner, the US-based IT research and advisory firm, said advances in technology, especially robotics and drones, could replace one-third of workers worldwide by 2025.

So should Asian governments be concerned?

“Certainly Asia needs to be worried,” said Serguei Netessine, professor of technology and operations management at graduate business school INSEAD in Singapore.

“It needs to be sowing the seeds now. It cannot afford to wait until it is too late,” he told China Daily Asia Weekly.

Education and planning are key to addressing this issue, Netessine said.

He added that Asian governments must start planning the skill sets that will be required for the new economies that technology and robotics will create.

“This will mean planning everything — from what will be taught to the types of universities that will be needed to produce the people who will design, build and program such things as robots and drones,” said Netessine.

“The workplace of tomorrow will be a very, very different place from that which we know today.”

The Economist pointed out that the impact of technology on jobs of the future will be immense.

“From driverless cars to clever household gadgets, innovations that already exist could destroy swathes of jobs that have hitherto been untouched,” the publication said.

It added that the public sector is one obvious target, because of its resistance to “tech-driven reinvention”.

“But the step change in what computers can do will have a powerful effect on middle-class jobs in the private sector too,” it said. And with the advent of big data, “computers are increasingly able to perform complicated tasks more cheaply and effectively than people”.

Leading the world in the field of technology and robotics is Japan.

In July, the Henn-na Hotel — staffed by 80 robots and just 10 humans supervising security and cleaning — opened in Nagasaki.

Companies such as Canon and Honda, which shifted manufacturing offshore years ago, are now moving back to Japan and into fully automated factories with much less human staff.

This shift means low production and labor costs, especially in a country like Japan that is hobbled by an aging population and a growing labor shortage.

Corporate America has been doing much the same alongside other advanced economies.

China, which had been slow to adapt to technological change, is losing no time in catching up with other countries as it moves from a manufacturing-based economy to one built on technology and innovation.

Robotics company Shanghai PT Info, for example, launched a robot in August that can entertain and monitor elderly people.

Like Japan, China also has an aging population. Based on government data, China’s work force peaked in 2011 and has been declining ever since.

Lu Jiehua, professor of sociology at Peking University, said robots offer a relatively simple solution to the problem, a view shared by other senior officials in the country.

Wang Weiming, deputy director of the equipment department at the Ministry of Industry and Information Technology, said the development of the robotics industry will solve the labor shortage in China and reduce labor costs in the manufacturing sector.

At a conference in Orlando, Florida last year, Peter Sondergaard, senior vice-president and head of global research at Gartner, said that smart machines were an emerging “super class of technologies that perform a wide variety of work, both the physical and the intellectual kind”.

“The cognitive capability in software will extend to other areas, including financial analysis, medical diagnostics and data analytic jobs of all sorts,” he said.

“Knowledge work will be automated as will physical jobs with the arrival of smart robots.”

He added that digital businesses require less labor and machines will make sense of data faster than humans can.

Since the Industrial Revolution took off in the 18th century, machines have made many manual jobs redundant while creating new jobs.

The difference today is that technology, robots and artificial intelligence (AI) are also taking over jobs that require “brain power”, said Li Yanfei, an economist with the Economic Research Institute for ASEAN and East Asia (ERIA).

Sondergaard from Gartner cited, for example, that AI programs can now write basic financial reports and sports news reports once done by journalists.

Not all jobs will disappear, though, he said.

“In fact, new jobs are being created all the time — jobs that require sophisticated decision-making, judgment, problem solving and personal interactions.”

Sondergaard listed an array of jobs that robots cannot replace yet, such as those of researchers, engineers, medical professionals and senior care attendants.

“Even in laborious manufacturing, machines cannot replace human beings everywhere … at least not yet.”

This applies, for instance, to the initiative by Apple supplier Foxconn to replace millions of workers in its production lines for the iPhone and iPad with robots.

“Robots, especially affordable ones, cannot mimic human fingers in the nimbleness and dexterity in the assembly of handset devices,” Sondergaard said.

“These devices are so small that the precision required in assembly cannot be reached by these affordable robots. There are high-end ones that could do, but they are too expensive and it is more economical to use human labor.”

Netessine of INSEAD said there is a growing fear in Asia that robots will replace much of the labor-intensive work that is now moving offshore from China.

“Sure, some jobs will go, but others will stay. The apparel sector is a good example of an industry that employs a lot of people.

“But machines are not flexible enough to do something like sewing,” he said, adding he does not see certain jobs going away soon.

Li from ERIA said sectors such as apparel, toy manufacturing, shoes, heavy chemicals and some components of food processing will be able to absorb the uneducated or less-educated segments of the population and provide them with better living standards.

“I don’t think machines and robots will take away these jobs soon, as long as the cost of labor remains low. But these jobs will not make the countries rich,” he said.

“What Asian countries should be thinking about is leapfrogging … in other words, jumping to customized production with design, brand and quality.”

This, Li said, applies to other sectors as well such as tourism, organic food production and healthcare.

“They key here, however, will be attracting high-end manpower and that will require better education.”

Netessine pointed out that rising labor cost is the underlying reason why jobs move offshore.

“Sure, machines have replaced a lot of manual jobs in developed countries such as the US, and now we are seeing it with precision jobs,” he said.

“It is happening fast in the US. In China it will take five to 10 years, but it is happening. Those jobs will move to higher-end sectors. People will need to ‘re-skill’.”

Drones, for example, are expected to replace trucks and delivery vans. But people will still be needed to design, build and program drones, he added.

“Computers, AI, robotics and drones will all create new jobs, new skills,” Netessine said. “As for what will happen in 20 to 40 years, I have no idea.”


Again, there are few things that everyone should read before bringing the robot dimension again and again:

  1. Technology is equal for EVERYONE. So in the long run, it is about the ability to exploit technology. China has a 8k gdp, while Japan has a 35k, and US a 55k gdp.
  2. Economy= Work Force * Productivity
    Here productivity depends on technology, industry, government efficiency, corruption etc. Work Force is the people in the Labor Pool. China's labor pool is already declining.
  3. An open society is able to innovate far better than a closed society. That requires a continuous immigrant flow, or diversity. Diversity is the single biggest plus for US, which helps it to innovate, attract talent and grow.
  4. China and India were historically dominant economies not necessarily because of individual greatness, but largely because of population. China had approx 25% of the world's population, and was for the standards of that time, a very open society. Hence, it is expected to have a proportionate 25% share in innovations, and economy.
  5. The divergence of percapita incomes only started after 1700s, during the Industrial Revolution, which is called the great divergence.
  6. The great divergence has ended, and there is now a greater convergence of per capita incomes. All across the world, developing countries are gradually narrowing the gap. It may take a 100 years but the gap will close down to within 10%. That is the gdp per capita in any place on Earth will be within 10% tolerance, and wouldn't vary all that much.
  7. Japan has actually seen quite good productivity gains in last decades, ranging on average 3% but its labor force has been in HUGE decline. (Remember first the labor force starts declining, and then around 10 years later, the overall population starts declining)
  8. Japan being so close to China in so many ways, I expected that you would take the Japanese lesson on demographics to heart, but you fail to do so. China is more than 30 times larger than Japan, in area and resources, and has 11 times the population.

Again, typical Indian "me too" attitude.
Dude, u won't get "me too" achievements.

Listen if you don't have anything to contribute then stay silent.

The whole talk here is about Chinese demographics. India doesn't enter the conversation.
 
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Again, there are few things that everyone should read before bringing the robot dimension again and again:

  1. Technology is equal for EVERYONE. So in the long run, it is about the ability to exploit technology. China has a 8k gdp, while Japan has a 35k, and US a 55k gdp.
  2. Economy= Work Force * Productivity
    Here productivity depends on technology, industry, government efficiency, corruption etc. Work Force is the people in the Labor Pool. China's labor pool is already declining.
  3. An open society is able to innovate far better than a closed society. That requires a continuous immigrant flow, or diversity. Diversity is the single biggest plus for US, which helps it to innovate, attract talent and grow.
  4. China and India were historically dominant economies not necessarily because of individual greatness, but largely because of population. China had approx 25% of the world's population, and was for the standards of that time, a very open society. Hence, it is expected to have a proportionate 25% share in innovations, and economy.
  5. The divergence of percapita incomes only started after 1700s, during the Industrial Revolution, which is called the great divergence.
  6. The great divergence has ended, and there is now a greater convergence of per capita incomes. All across the world, developing countries are gradually narrowing the gap. It may take a 100 years but the gap will close down to within 10%. That is the gdp per capita in any place on Earth will be within 10% tolerance, and wouldn't vary all that much.
  7. Japan has actually seen quite good productivity gains in last decades, ranging on average 3% but its labor force has been in HUGE decline. (Remember first the labor force starts declining, and then around 10 years later, the overall population starts declining)
  8. Japan being so close to China in so many ways, I expected that you would take the Japanese lesson on demographics to heart, but you fail to do so. China is more than 30 times larger than Japan, in area and resources, and has 11 times the population.



Listen if you don't have anything to contribute then stay silent.

The whole talk here is about Chinese demographics. India doesn't enter the conversation.
Take this lesson, Govia.
U people will encounter a huge demographic crisis in the coming decade.
This world has limited recourses.
Other countries have already shared all, you are too late.
Sorry, the doorway of massive industrialisation is closed.
U are simply too late for everything, sorry, technology is not equally shared.
There will be more and more Indian elites leaving India whilst more and more Chinese return home,
The only people left in your country is mostly a burden to the society.
 
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Take this lesson, Govia.
U people will encounter a huge demographic crisis in the coming decade.
This world has limited recourses.
Other countries have already shared all, you are too late.
Sorry, the doorway of massive industrialisation is closed.
U are simply too late for everything, sorry, technology is not equally shared.
There will be more and more Indian elites leaving India whilst more and more Chinese return home,
The only people left in your country is mostly a burden to the society.

  1. The door to Industrialisation is not closed. This is just your assertion without any back up.
  2. Technology is quite accessible, by paying, lobbying etc.
  3. World has enough resources, rather India will help take up the coming slack in Chinese commodities consumption.
  4. India has very low agricultural productivity. We have more arable land than you. We can produce a lot of food with our own land.
  5. Africa has HUGE amount of arable land, that they barely use.
  6. Indian elites and educated, some of them, no doubt leave. But increasingly, they have been coming back.
  7. It is you who are coming up with a demographic crisis. Indian growth rates of population have decreased a lot, and will continue to decrease with increasing education.
  8. STOP being so ARROGANT, and CLOSE MINDED. Everything that you are saying to me, could also have been said to a Chinese back in 70s by a Japanese. The world changes very quickly, and opportunities never cease to present.
  9. Instead of regurgitating your claims, back up things.
 
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  1. The door to Industrialisation is not closed. This is just your assertion without any back up.
  2. Technology is quite accessible, by paying, lobbying etc.
  3. World has enough resources, rather India will help take up the coming slack in Chinese commodities consumption.
  4. India has very low agricultural productivity. We have more arable land than you. We can produce a lot of food with our own land.
  5. Africa has HUGE amount of arable land, that they barely use.
  6. Indian elites and educated, some of them, no doubt leave. But increasingly, they have been coming back.
  7. It is you who are coming up with a demographic crisis. Indian growth rates of population have decreased a lot, and will continue to decrease with increasing education.
  8. STOP being so ARROGANT, and CLOSE MINDED. Everything that you are saying to me, could also have been said to a Chinese back in 70s by a Japanese. The world changes very quickly, and opportunities never cease to present.
  9. Instead of regurgitating your claims, back up things.
Believe me, Govia. U have a more serious problem than ours. We'll see. I know Indians are born over optimistic. That's not how things work out.
 
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So what does it feels like, knowing that as a parent, your grandchild (singular) will never know the joys of having uncles and aunts ?

If China wants more children, it needs to get out of the nation’s bedrooms | Isabel Hilton | Comment is free | The Guardian

Recently, I became an uncle for the 4th time. The first pair of nephew/niece are now in college. Now I will have a niece on my lap and a baby nephew in my arms. My brother and sister considered their lives full.

One cannot help but feel sorry for the Chinese.

I feel sorry for your nephew too, for having a grumpy uncle.:lol:
 
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My mother was supposed to retire at 50, military factory. It went bankrupt years ago .
But that company's other factories adopt the same policies.
In steel factory, some women workers retire at 45, men at 50.
My mother has just reached 50, now she gets pension.

I have no problem if they dance at public parks or public squares.
But not in community parks

Whenever I visit China, I was always moved by the street dancing, they are still in their early 50's, worry free, full of energy and happiness. This is a privilege that western retirees can never enjoy. By the time they are retired, they are just do not have enough energy left for that. No to mention lot of them have to work way pass their 70‘. In local Costco and Walmart stores, you can see plenty of those older people working.

Don't they have pension?
I never see people work over 70s, except professors who love their work toooo much.
U have to give young people opportunities!

The Chinese government is doing a good thing to make retirement age early for most non critical jobs. Like I previously stated we are going the opposite way in Canada. The earliest one can retire with full government benefits (not much) is 67 years old. There are a lot of companies that do not give out pension here. If you are lucky to work for the government than your pension is huge and you can still retire at 55 if you choose to.

I don't think Cananda could afford if people retire in 55 or 60.No need to mention China and Japan which have a much unhealthy population structure.Olds should work if they can instead of sitting there and get fat.1 men could not afford 4 olds and 1 child.

That is the problem. Now there are three people working for every five retiree. In the 1950s, there are five working people for every three retiree. It's due to the native Canadian population declining and lack of planning from the government.

I guess they did not work hard enough when they were young or did not save enough when they had money, and social security checks are not enough to cover their living expense. Lots of folks do not have likes of 401K or 403B retirement accounts, only income after retirement is from social security.
Professors and academia can be exempted because their years of research is too valuable. You cannot just retire a professor and allow a 25 year old to take over his place.

No school can teach experience.
 
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I dont understand why Indian member here in PDF is on rampage to post any negative articles on China. Its their problem what will happen, what will not, we are no one to show them the light. God, grow up guys...
 
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