Importance of Upskilling for China's Workforce Amid Economic Changes

Politics

1 year ago

News sources:

Credited from: SCMP

China's economy is experiencing **new challenges** including weak domestic consumption and high youth unemployment.
Research indicates that **60% of Chinese workers** fear their skills may become obsolete in the next five years due to technology.
A significant **70% of workers** in China have taken steps to improve their skills in recent years in response to technological advancements.
There is a noticeable **misalignment** between China's education system and the demands of the modern labor market, with 36% feeling inadequately prepared.
The Chinese government is urged to **transform skill development systems** to better align with the demands of a hi-tech, post-industrial economy.

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