With the advancement of generative artificial intelligence (AI), it is projected that more than half of jobs in China will be automated by 2030.
On the 29th, Hong Kong's South China Morning Post (SCMP) cited a report published on the 27th by global consulting firm McKinsey, conveying this outlook.
McKinsey predicted that Chinese companies will make massive investments in AI over the next decade as they commercialize AI to gain a competitive edge amid uncertain business environments.
It also stated that Chinese companies have effectively grown in data environments and believe that they will excel in AI and digitalization.
McKinsey forecasted, "Based on existing AI and advanced analytics technologies, generative AI could generate an additional $2 trillion (approximately 2,580 trillion KRW) in economic impact annually in China." It further anticipated that over 50% of jobs in China will be automated by 2030, with that figure rising to 90% by 2050.
McKinsey pointed out that the impact of generative AI will be particularly evident in four main areas: research and development (R&D), software engineering and information technology, customer operations, and marketing and sales.
Earlier, Yi Gang, former governor of the People's Bank of China, noted in an article published earlier this month that "as AI replaces human labor, structural mismatches between labor supply and demand may persist in the future," highlighting that AI development could have a significant impact on China's labor market.
China's leadership selected AI as one of the seven leading technologies in 2021, alongside quantum information science and semiconductors, and has been strengthening support for technological self-reliance. However, SCMP analyzed that China's AI ambitions face difficulties as the U.S. government attempts to block Chinese companies' access to its cloud computing services.
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