(FeatureChina/Newscom) Digitalization has created millions of new jobs in China, accounting for between one-third and one-half of employment growth in the world’s second-largest economy.
Our Chart of the Week shows employment in two sectors: information and communications technology (ICT) and retailing. ICT added 14 million new jobs for high-skilled workers in the five years through 2016, and the average wage doubled. But ICT is just one part of a much larger picture. E-commerce and the sharing economy are even bigger drivers of job creation, according to our recent IMF staff working paper . Alibaba Group’s e-commerce platform, for example, has […]
Full Post at blogs.imf.org