Increasing Labor Shortages Drive China to Invest in Automation
May 27, 2021 at 06:00 AM EDT
As its population ages, China, the world’s second largest economy, is facing growing shortages in the labor market, according to CNBC. In an interview with CNBC, Jonathan Woetzel, senior partner at McKinsey said “it’s still rapidly evolving that aging population is a reality … China’s now...