• 13-SEP-2018

  • SOURCE: PricewaterhouseCoopers LLP

#amnc18: How will AI impact the job market in China?

Join PwC’s press briefing & webcast in collaboration with the WEF
14:00 Beijing time on Tuesday 18 September 2018
 
John Hawksworth, PwC Chief Economist, and James Chang, PwC China Financial Services Consulting Leader, will present findings of a new PwC report on the net impact of artificial intelligence (AI) and related technologies on jobs in China at a press conference at the World Economic Forum (WEF) Annual Meeting of the New Champions in Tianjin.
 
The press conference will be webcast live on our website – www.pwc.com/amnc – on 18 September 2018 at 14:00 Beijing/07:00 London/08:00 Paris time.
 
AI and related technologies could boost GDP by as much as 14% globally and up to 26% in China by 2030[1]. But there’s also a significant amount of wariness about these new technologies, particularly around their potential impact on jobs.
 
Chinese economic development over the past four decades has involved hundreds of millions of workers moving from farms to factories. But what if advances in robotics displace many of these factory workers? Will AI remove the need for many clerical roles in offices, while autonomous vehicles increasingly replace truck and taxi drivers?
 
PwC's new report quantifies both the potential displacement of jobs by AI and related technologies in China over the next 20 years and, most importantly, how far this will be offset by job creation associated with stronger economic growth and higher average real income and spending levels.
 
ENDS
 
Notes to editors
All press materials will be available on 18 September at http://press.pwc.com.
 
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