About half of the activities people are paid to do in the global economy have the potential to be automated by adapting currently demonstrated technology by 2055, amounting to almost 12 trillion U.S. dollars in wages, the McKinsey Global Institute said in a report newly released in Hong Kong.
The global industrial sector and Chinese economy have both entered a new phase of development, and China's reform agenda offers huge potential for improving the industrial sector, according to Ulrich Spiesshofer, CEO of ABB Group, a leading global power and automation company.
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