Rapidly growing digital economy set to give China 415m jobs, account for nearly half of GDP
Technology will swallow up repetitive predictable jobs but on balance create far more opportunities, BCG and AliResearch study indicates
China’s digital economy, already home to the world’s largest population of internet and smartphone users, is likely to create 415 million jobs by 2035, bolstering technology’s share to 48 per cent of gross domestic product, according to forecasts by the Boston Consulting Group and AliResearch Institute.
Low-skilled, menial and repititive jobs will be replaced by robots, artificial intelligence and intuitive technologies such as touch screens, as well as voice and facial recognition software. Technology would displace menial jobs but would also create new opportunities, the report said.
AI would replace some jobs, including researchers, AliResearch head Gao Hongbing said.