China Struggles to Build a Globally Competitive 2020s Workforce.


As highlighted in a recent HSBC report, decades of “economic liberalization” delivered tremendous wealth for China’s people, creating a middle class of 340 million people earning between $15,000 and $75,000 per year. And that segment is projected to grow to 500 million people by 2025.

However, as Premier Li Keqiang recently observed, China still had 600 million people at the end of 2020, living on an average monthl.....
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