Research on China’s Industrial Structure Upgrading and Unemployment

Chaoyue Yang ()
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Chaoyue Yang: Duke Kunshan University

A chapter in Proceedings of the 4th International Conference on Internet Finance and Digital Economy (ICIFDE 2024), 2024, pp 153-165 from Springer

Abstract: Abstract China’s rapid economic growth has been accompanied by efforts transition from labor-intensive to technology-driven industries, as exemplified by the “Made in China 2025” (MIC, 2025) initiative. Although this transition aims to enhance economic value, it has also led to significant social challenges, particularly the displacement of low-skilled workers and increasing unemployment due to automation. This study examines the impact of China’s industrial upgrading on unemployment, highlighting skill mismatch and the resulting socioeconomic issues. It proposes that slowing the pace of industrial transition and implementing targeted retraining programs could mitigate these adverse effects and ensure a more balanced and sustainable development trajectory.

Keywords: Industrial upgrading; economic growth; unemployment; labor-intensive; technology-driven (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-534-8_15

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DOI: 10.2991/978-94-6463-534-8_15

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