The robotization of China’s economy - a time bomb or a lifeline?

[fillippone]

I have been following China's demographics for some time, and this is one of the most challenging aspects for China in the long run.
Physical AI, or robots, can help overcome the perils of an ageing population without a proper welfare state, whether public (i.e., state-funded pensions) or private (I.e., families taking care of their own elderly).
Robots will play a role in this, I am pretty sure, and I guess Chiba will lead the way compared to the Western world.

[Emitdama]

China was the one with highest population. I still sense it is somewhere good that the population is shrinking by a bit but yes, that does raise major concerns like the labour force. China is mainly dependent on labour works for exporting goods. The availability of man power makes labour cheaper in China which allows them to create identical products but at way low costs. China is good at replicating the existing products and I think that is only possible because they have a lot of empty minds sitting around with no jobs.

But don't you think low population, more budget can reach more people. Look at China yearly Budget since Corona time, it has increased by some percentage and the population has reduced as each year passed, that means more budget available to sort many things that can reduce economic hardship and opportunities to create more jobs. It's not like robot will change the economy completely. Even AI is already a problem in the global tech space but wouldn't transform all the places.

Depending on how your country makes money. China is known as a country that manufactures, and while there are a lot more automations in place today, that doesn't help the regular people. Like if you used to work on making a car and had a small job, not a major part of it, and you got replaced, and hell, the whole factory got replaced by "dark factory" stuff where the factory is fully automated, then how are you going to make money?

China's GDP will grow; it will look like they are building more and selling more and profiting more, but what happens to the guy who got laid off? Hence, I do not think that a smaller population and fewer jobs are a good way to go, not for China; maybe that's fine for the Swiss people or Scandinavians or whatever, but not for China.

[Cookdata]

Depending on how your country makes money. China is known as a country that manufactures, and while there are a lot more automations in place today, that doesn't help the regular people. Like if you used to work on making a car and had a small job, not a major part of it, and you got replaced, and hell, the whole factory got replaced by "dark factory" stuff where the factory is fully automated, then how are you going to make money?

Don't say automation doesn't help regular people, it was never meant to help the poor. It was meant to fasten production and cut dependency on human labour. Although, this posses a big decline on the rate of unemployment but that doesn't mean the companies are not seeing values on why they allowed them in the first place. Companies actually gives consideration on maintenance cost on machine than running cost to keep their labour.

China's GDP will grow; it will look like they are building more and selling more and profiting more, but what happens to the guy who got laid off? Hence, I do not think that a smaller population and fewer jobs are a good way to go, not for China; maybe that's fine for the Swiss people or Scandinavians or whatever, but not for China.

I know your pain but china are trying to engineer their lifestyle than depend on how they do it before. When I watch some documentary about their country you will think they live in 2030, far ahead of other countries, but these things they are doing have consequences. Just know that for every solution that you provided, there is a problem you have created somewhere and most of these companies don't care, the care more about less cost and more revenue.

[WillyAp]

I have been following China's demographics for some time, and this is one of the most challenging aspects for China in the long run.
Physical AI, or robots, can help overcome the perils of an ageing population without a proper welfare state, whether public (i.e., state-funded pensions) or private (I.e., families taking care of their own elderly).
Robots will play a role in this, I am pretty sure, and I guess Chiba will lead the way compared to the Western world.

How, does a robot pay taxes?
Robots won't give the common men dosh (money) to survive, that is Elon's fairy tale.   

[alani123]

Are we to pretend that youth in the west are doing great or that our countries aren't aging?
Even in America, without the population declining currently, the social security system isntl able to balance its accounts based on projections and will be needing bigger and bigger government injections to stay standing. It'll sooner or later end up becoming a substantial part of the GDP like in EU countries, which doesn't sound very sustainable at the time our politicians have allowed heads of industry to ship production abroad to enjoy higher profits.

Sooner or later the conditions will be more dire for the working population.
Will we continue to keep looking at this dilemma with inaction when the situation comes to starving? I just wonder.
The sooner people take the situation in their own hands the better.

[fillippone]

I have been following China's demographics for some time, and this is one of the most challenging aspects for China in the long run.
Physical AI, or robots, can help overcome the perils of an ageing population without a proper welfare state, whether public (i.e., state-funded pensions) or private (I.e., families taking care of their own elderly).
Robots will play a role in this, I am pretty sure, and I guess Chiba will lead the way compared to the Western world.

How, does a robot pay taxes?
Robots won't give the common men dosh (money) to survive, that is Elon's fairy tale.   

They won't, agree on the fact it's a fairy tale.
I was more thinking about robots physically helping elderly people to have an autonomous life, when their families are scattered around the coastal China, leaving them behind, without any social security structure being able to take care of them.

[philipma1957]

I have been following China's demographics for some time, and this is one of the most challenging aspects for China in the long run.
Physical AI, or robots, can help overcome the perils of an ageing population without a proper welfare state, whether public (i.e., state-funded pensions) or private (I.e., families taking care of their own elderly).
Robots will play a role in this, I am pretty sure, and I guess China will lead the way compared to the Western world.

Having lived in the USA for 66 of my 69 years. Many think fuck the old dump them and get rid of them.

 At 69 going on 70 I have begun to get old fuck you behavior directed at myself and my wife.

It is not fun. Many people are short sighted and do not picture that if lucky they will be older.

 I like the idea of shifting work to robots but proper management of doing this is really important.

As I said the world was doing a lot of cool things 60 years ago. Space travel and the like and we had far less people than we do now.

A lot of fear amongst nations exists so many large countries are afraid to reduce population in a slow deliberate manner.

[fillippone]

I have been following China's demographics for some time, and this is one of the most challenging aspects for China in the long run.
Physical AI, or robots, can help overcome the perils of an ageing population without a proper welfare state, whether public (i.e., state-funded pensions) or private (I.e., families taking care of their own elderly).
Robots will play a role in this, I am pretty sure, and I guess China will lead the way compared to the Western world.

Having lived in the USA for 66 of my 69 years. Many think fuck the old dump them and get rid of them.

 At 69 going on 70 I have begun to get old fuck you behavior directed at myself and my wife.

I am sorry about this. And I will fell sorry if that happens to me as well.
But in some society, where young people are in a an insufficient number to take care of the elderly, and above all are thousands of miles away, I am starting to think robots is the only way to avoid a social catastrophe.

[philipma1957]

I have been following China's demographics for some time, and this is one of the most challenging aspects for China in the long run.
Physical AI, or robots, can help overcome the perils of an ageing population without a proper welfare state, whether public (i.e., state-funded pensions) or private (I.e., families taking care of their own elderly).
Robots will play a role in this, I am pretty sure, and I guess China will lead the way compared to the Western world.

Having lived in the USA for 66 of my 69 years. Many think fuck the old dump them and get rid of them.

 At 69 going on 70 I have begun to get old fuck you behavior directed at myself and my wife.

I am sorry about this. And I will fell sorry if that happens to me as well.
But in some society, where young people are in a an insufficient number to take care of the elderly, and above all are thousands of miles away, I am starting to think robots is the only way to avoid a social catastrophe.

As I have written more than once my 76 year old bro in law has dementia.

My wife and I live 85 miles away. Tolls are $45 each round trip gas is $35 each trip and if lucky a 2 hour ride each way. Many times it is 3 or 3 and 1//2 hours each way.

Even if my bro-in-law was a well behaved patient this would be hard work for us. He was an a-hole long before he got sick.

so no he is a sick a-hole. I estimate my wife and I spend 2000 to 3000 hours a year on his care and well being.

Plus he has a full time caregiver , As he did do 1 thing correct he purchased special insurance for old age care.

I can tell you people all over the world are struggling to care for sick and aging loved ones.

The USA spends trillions of dollars on it. So while the world has too many old people now robots could give relief to many

stressed out younger people. Time will tell how it unfolds  maybe kinder gentler robot caregivers would be a nice thing for

a change.

[hafiztalha]

The Chinese government is already putting out measures to curtail these problems that might happen due to the advancement of the robotic industry. First, the country has been advancing its trade influence in many countries. With the drop in local consumption, excess products are sold in foreign lands. It is now common to see Chinese-run wholesale shops in my country. Those who are unemployed are moving to other countries to establish businesses.

China has always kicked against mass immigration. But that policy seems to be changing because of demographic problems. Since last year, there has been an increase in advisement of Chinese universities in my country. They offer cheap tuition and different forms of discounts just to attract international students.

The government has also begun to pay attention to social issues that AI brings. Beijing recently said that there might be a comprehensive analysis of the impact of changes in the external environment and the development of new technologies such as artificial intelligence on employment.

Nevertheless, the major obstacle to the ability to put AI under control is the rivalry between China and the US. Both nations are competing to become leaders in the industry, and they don't care about the risk it poses to citizens.

It is good to attract international students, to expand trade and to encourage businesses to operate in other foreign countries. That is going to help the economy but these things are not directly solving the problem related to the workers who are losing their jobs because of the machines that are replacing them.

These machines are doing their task efficiently, fast, and quickly. A country can have exports in the billions of dollars but this still has people who are struggling to find any stable job. Chinese businesses moving to other foreign countries do not mean that those workers who are unemployed are going to find better working opportunities. Businesses require a lot of investment; they require experience and also market knowledge that ordinary workers do not have.

Attracting foreign students to local universities is going to create more income for the universities boost economy but that is not going to solve the employment problem that the Chinese citizens are facing right now.