CHICAGO: Before the pandemic, firms and workers around the world used emails and conference calls to reduce communication costs. But a lack of coordination made using these technologies fully difficult.
Paradoxically, the benefits that China risks foregoing would be even more advantageous for its economy than for those of the US or Europe. The upshot is that Chinese urbanites must work far more than their US counterparts to earn much less while paying similar housing prices.By the same token, Chinese urban parents also face substantial time scarcities. Because the average Chinese primary school student spends 17 hours per week doing homework and six hours per week with tutors, parents need a lot of time to cajole and monitor their children .
To address pollution, the government has been steadily moving polluting manufacturers out of big cities, while taxing car ownership in every way possible. While China’s GDP grew by an average of 9.2 per cent per year between 2000 and 2018, its urban population increased from around 453 million to 824 million, including six Chinese cities with more than 10 million people.TELECOMMUTING TO TACKLE DEMOGRAPHIC AND ENVIRONMENTAL CHALLENGES
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