China could embrace universal basic income as AI takes jobs

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It may seem far-fetched to suggest that China should consider implementing a universal basic income at this time, as authorities appear to be unenthusiastic about the idea. In the past, Chinese officials have rejected proposals to distribute cash to households, even when many families were clearly in need of support.But while the term universal basic income has yet to appear in any official Chinese policy documents, it may become less foreign in the coming years because of the increasing...