Ageism a discriminatory drag on China’s productivity

China’s aging population presents many challenges for its economy, including a shrinking workforce and increased pressure on the healthcare and pension systems. It also further complicates China’s aspirations to shift towards a consumption-driven growth model, as older individuals tend to save more and spend less compared to those in younger generations. In response to this demographic […]Continue Reading

China to revamp data, tech authorities in self-reliance push

BEIJING: China will set up a national data authority, downsize staff at central state institutions and strengthen its science ministry, according to a policy plan unveiled this week, in a sweeping revamp as Beijing pushes for tech sector self-reliance. A broad restructuring document announced by China’s cabinet on Tuesday (MarContinue Reading