China’s Robot Revolution May Affect the Global Economy

 

Automation impact on wages isn’t showing in the data – yet

China is installing more robots than any other nation, and that may affect every other nation.

Shipments jumped 27 percent to about 90,000 units last year, a single-country record and almost a third of the global total, and will nearly double to 160,000 in 2019, the International Federation of Robotics estimates. Continue reading

Beware: The “Made In China” Global Recession Is Coming, Morgan Stanley Warns

The next global recession may come with a label that reads “made in China” Morgan Stanley’s Head of EM Ruchir Sharma, says.

As regular readers are no doubt aware, decelerating economic growth in China has been a major drag on worldwide demand and is one of the main reasons why global trade is in the doldrums. Continue reading