The International Monetary Fund said automation displaced more jobs in rich countries than China’s growing productivity. Photo: SCMP
The International Monetary Fund said automation displaced more jobs in rich countries than China’s growing productivity. Photo: SCMP

‘China’s rise’ cannot be blamed for regional job losses in developed countries, IMF finds

  • Competition from China is not the primary reason for regional job losses in rich countries, new International Monetary Fund (IMF) research finds
  • Study finds technological advancement is bigger driver of unemployment, undermining populist argument China is stealing manufacturing jobs

The International Monetary Fund said automation displaced more jobs in rich countries than China’s growing productivity. Photo: SCMP
The International Monetary Fund said automation displaced more jobs in rich countries than China’s growing productivity. Photo: SCMP
READ FULL ARTICLE