Skill gap could de­rail econ­omy: govt of­fi­cial

China Daily (Canada) - - NEWSCAPSULE -

China’s skill gap could de­rail its eco­nomic up­grade, ac­cord­ing to a mem­ber of a cab­i­net-level think tank.

Fill­ing the gap is strate­gi­cally im­por­tant for China as it tries to leave be­hind its role as the “world’s fac­tory” and move up the global value chain, said Long Guo­qiang, di­rec­tor-gen­eral of the gen­eral of­fice of the De­vel­op­ment Re­search Cen­ter of the State Coun­cil.

Long’s com­ments came amid con­cerns that China is rapidly los­ing its com­par­a­tive ad­van­tages, such as be­ing a source of low-cost la­bor that drove the na­tion to be the world’s sec­ond-largest econ­omy and big­gest mer­chan­dise trader.

The ad­van­tages have faded. Mil­lions of man­u­fac­tur­ers in China have seen their in­ter­na­tional com­pet­i­tive­ness erode. (Photo 1)

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.