P. K. Anand, PhD, Research Associate, ICS
In the week preceding the beginning of the 19th Party Congress of the Communist Party of China (CPC), state-run media trumpeted the increase in minimum wage levels in 17 regions & cities in China in 2017. Out of these, four major cities namely, Beijing, Shanghai, Shenzhen and Tianjin, have set the minimum wage levels at 2,000 RMB per month. The increase in the minimum wage levels does not carry a linear narrative, however. Some provinces have expressed reluctance to implement minimum wages, wages are also not commensurate with rising house rents, increasing costs of travel from home to the workplace, etc. On the other hand, the increase in wages also adds to the rising labour costs for investors and enterprise managements. In this scenario, the Party-state has the task of striking a fine balance between maintaining economic growth and encouraging investments, while also increasing the material wealth and ensuring the well-being of the workforce.
Xi Jinping’s political report to the 19th Party Congress is reflective of the apprehensions and disquiet of the Party-state in the need to undertake this balancing act Continue reading “Work and Workplaces in the ‘New Era’: Labour Issues at the 19th Party Congress”
Jayan Jose Thomas, PhD, Associate Professor of Economics, Indian Institute of Technology Delhi and Member, Planning Board, State Government of Kerala
A version of this article was originally published in Chinese as ‘印度不确定的人口红利’ [Yindu bu queding de renkou hongli], Diyi Caijing, 10 July 2017. This is part of a series by Indian scholars in China’s top business affairs news portal facilitated by the ICS. The English version follows below the Chinese text.
对印度政策制定者来说的另一个重大挑战，是为新进入劳动力市场的印度人创造就业机会。事实上，大部分年轻劳动力的增长将来自印度最贫穷的地区，主要包括北方邦和比哈尔邦在内的北部和东部地区。 Continue reading “India’s Uncertain Demographic Dividend”
Shruthi Anup Kumar, Research Intern, ICS
The field of artificial intelligence or AI encompasses a number of possibilities. Ranging from autonomous driving systems and language interpretation to facial recognition and military weapons, AI comprises not only the development of a robot that can move, think and talk like a human being but also includes smart programmes that are built to overcome our shortcomings and make the job easier for a human being.
In 2015, China’s central government launched the ‘Made in China 2025’ policy, whereby the shift in focus from mass producing factory goods to developing high tech manufactured products by the year 2025 was announced. The effect of this policy was especially felt in the AI sector which is expected to grow from an industry of 23.9 billion Yuan (as of 2016) to 38 billion Yuan by the year 2018. Continue reading “Artificial Intelligence and China’s Future”
Ambassador (retd.) Kishan S Rana, Honorary Fellow, Institute of Chinese Studies.
The word ‘Japanification’ has come to mean a sharp decline in the population and workforce, as a result from a huge secular decline in the birthrate, to a point where it leads to a contraction of the economy, and a huge threat of a burgeoning number of old age dependents, which alters the very structure of life. In 2005, its ‘total fertility rate’ (TFR), i.e. the number of children per woman) fell to 1.26; it has risen slightly since then, but experts estimate this as a change in the timing of birth, and not a long-term change.
Continue reading “Demography in Japan”