Speak to China experts these days and you typically get one of two contrasting views on its outlook. The prevailing wisdom is that an unreformed state-industrial sector and rising debt mean it is on an unsustainable path, with a financial crisis on the not-too-distant horizon. The optimists acknowledge that debt is too high, but hold out hope that a growing services sector will fuel stronger consumption, reducing the need for credit-fuelled investment and putting the economy on a sustainable path for the medium-term. What if they’re both wrong? That’s the possibility ...
China's future, reshaped by robots
Automation may upend the prevailing wisdom
Tom Orlik | Bloomberg Last Updated at August 24, 2017 22:57 IST