German Chamber Ticker

Current GC Ticker Issue | Winter 2018 | Picturing the Workspace of Tomorrow

China’s economic growth during the past 20 years has led to a rapid increase in wages. At the same time, automation, artificial intelligence and digital platforms are transforming the Chinese labor market. By 2030, the Chinese working-age population is expected to shrink by almost 38 million people and a rapid automation scenario depicts more than 200 million workers displaced due to new technology and automation. Socioeconomic and operational challenges are intertwined with business opportunities for both young start-ups and established market players. Following the current trends of increased automation, steady growth in sales of industrial robots and demand for high-intelligence innovations, there is little doubt that the future of work will be strongly shaped by artificial intelligence and that it will take place in both virtual and actual reality. The extent that the contemporary workforce will be affected by job displacement and automation scenarios highly depends not only on the macroeconomic environment, but equally on individual micro-economic choices and the ability of organizations and individuals alike to embrace change. As new technologies are beginning to penetrate the workplace, leaders need to rethink how to adjust the ways their businesses are run. In this issue of the Ticker, we will look into how organizations can adjust by implementing “New Work” structures or how executives can recognize and foster learning-centric leadership in their own organizations. Embarking on new pathways and adapting to an increasingly digitalized environment, the German Chamber Ticker itself has engaged into a digital transformation. With more content published through the official German Chamber WeChat accounts of Shanghai and North China, the German Chamber Ticker magazine has been adapted to the demands of today’s “on the go” lifestyle.

We hope you enjoy reading!

Olivia Helvadjian

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© 2017 German Chamber of Commerce in China. No part of this publication may be reproduced without the publisher’s prior permission. While every reasonable effort is made to ensure that the information provided is accurate, no guarantees for the currency or accuracy of information are made. All material relating to information, products and services (or to third party information, products and services), is provided ‘as is’, without any representation or endorsement made and without warranty of any kind, including the implied warranties of satisfactory quality, fitness for a particular purpose, non-infringement, compatibility, security and accuracy. The author(s) of each article is/are solely responsible for the content thereof; In no event will the publisher be liable for any loss or damage whatsoever arising from infringement or any defect of rights of the content of the article. Views expressed are not necessarily those of GIC/GCC.