The human brain isn't built to process numbers about China:
Today Chinaâs share of global export containers is over 36%, though the country represents around a fifth of world GDP. A foreign-business boss in China foresees a reckoning: âThere will come a point in time when China and the world simply cannot absorb more Chinese goods, and I think that point is approaching.â
Chinaâs overall trade surplus is on track to exceed $1 trillion this year, with record-setting shipments to Africa, Asia, Europe and Latin America. From BrasĂlia to Berlin and Bangkok, politicians hear calls to protect established industries from Chinese competition.
Damn, I didn't know that the Chinese gig workforce was so huge:
Thanks in part to its early embrace of the âsuperappsâ that organise many facets of peopleâs lives, China is home to the worldâs most advanced gig economy. Today 84m people there rely on platform-based forms of employment, including ride-hailing drivers and food-delivery riders. As consumer apps have spread, this sort of work has become prevalent across emerging Asia, too. In India roughly 10m people work in the gig economy, on platforms and off. In Malaysia, it is 1.2m, roughly 7% of the labour force.
It's an upside-down world in the bond markets:
Analysts at BNP Paribas pointed out in a recent presentation that across global markets, bond yields for supposedly safe governments â the US, Germany and France in particular â are drifting higher, while sovereign borrowers long considered more risky, like Italy and Spain, are fixing their fiscal health and being rewarded by investors. Perceptions of safety are converging.
Welcome to the age of workslop:
In collaboration with Stanford Social Media Lab, our research team at BetterUp Labs has identified one possible reason: Employees are using AI tools to create low-effort, passable looking work that ends up creating more work for their coworkers. On social media, which is increasingly clogged with low-quality AI-generated posts,...