How China Is Transforming Its Economy Through Lifelong Learning

I highly recommend reading the McKinsey Global Institute's new report, "Reskilling China: Transforming The World's Largest Workforce Into Lifelong Learners", which focuses on the country's biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country that has become the factory of the world, where manual assembly was the cheapest due to its low labor costs, into an artificial intelligence giant, with the largest public blockchain infrastructure in the world, a digital currency in an advanced stage of development that will see an end to cash payments, along with the world's largest 5G network? Xi Jinping's state capitalism is transforming the Asian giant: the possibility of drawing up and maintaining long-term strategies thanks to political stability is driving change at an unprecedented rate, that includes autonomous driving and digital healthcare, advanced retail or even livestock farming. No matter where you look: the modernization and robotization of Chinese assembly factories has led to enormous reductions in the size of their workforces, which, moreover, immediately correspond not only to an increase in their production capacity, but also to a drastic reduction in the number of errors. And the COVID-19 pandemic, far from slowing the process, has accelerated it even further.