Translation Tag: human capital
This is a set of questions and answers related to the 20th Central Committee’s Third Plenum Resolution in July 2024. Jointly compiled and published by teams at Study Press (学习出版社), a publishing house under the CCP Propaganda Department, and the Party Building Books Publishing Press (党建读物出版社), under the CCP Organization Department, the document is intended to improve understanding and implementation of guiding principles laid out in the plenum. These excerpts, selected by Interpret: China, cover Beijing’s approach to technology upgrading, military reform, supply chain security, soft power projection, and domestic topics such as social stability and demographic change.
One of China’s top demographics and labor scholars analyzes how labor markets will be transformed by the emergence and industrial integration of artificial intelligence (AI). He provides several policy recommendations for Beijing to manage this transition with minimal social disruption. These include improvements to the social welfare system and household registration systems, both of which he sees as necessary to address inevitable disruptions to the human capital landscape.
The CCP Politburo holds “collective study sessions” on a semi-regular basis, in which an outside academic or government expert leads a discussion on a selected topic. Such sessions are important signals as to what issues the senior leadership finds important. The 14th collective study session of the 20th Central Committee Politburo was held on May 27, 2024 and was presided over by Xi Jinping. At this session, Xi delivered a speech emphasizing the need to expand employment, especially for college graduates and younger demographics more broadly, including through policy support for industries with high employment capacity and better aligning talent pipelines with such industries.
The CCP Politburo holds “collective study sessions” on a semi-regular basis, in which an outside academic or government expert leads a discussion on a selected topic. Such sessions are important signals as to what issues the senior leadership finds important. The fifth study session of the 20th Central Committee Politburo was held on May 29, 2023 and was presided over by CCP General Secretary Xi Jinping. At this session, Xi urged Party cadres to improve the quality and coverage of China’s education ecosystem, in part given its centrality to greater science and technology “self-sufficiency.”
The CCP Politburo holds “study sessions” on a semi-regular basis, in which an outside academic or government expert leads a discussion on a selected topic. Such sessions are important signals as to what issues the senior leadership finds important. The third study session of the 20th Central Committee Politburo was held on February 21, 2023 and was presided over by Xi Jinping. The session focused on themes related to China’s bid for technological self-reliance and emphasized the need to strengthen basic scientific research.
Economist Cai Fang argues that problems in China’s labor market will hamper efforts to boost productivity in the years ahead. Cai examines the immediate impacts of COVID-19 and its aftermath on the labor market, concluding that as older workers and those in the informal sector exited the workforce, a “large portion of jobs lost to the epidemic cannot be expected to be regained.” In the long term, China will face deeper economic challenges as the growth in new workers slows. In addition, Cai argues that as growth becomes increasingly “innovation-driven,” there will be a surplus of workers who “do not have the human capital required for newly created jobs.”
A prominent scholar at the Chinese Academy of Social Sciences argues that addressing barriers to social mobility is key to curbing rising income inequality in China and avoiding the middle income trap. He promotes hukou reform as a potential remedy, advocating for a change in “the method where the supply of public goods treat[s] people differently based on household registration status.”