Tag Archives: China

China: Macao to spend over $1.5bn on public subsidies including Wealth Partaking Scheme

The Macao region of China will spend more than 1.2 billion euros this year on public subsidies, including their Wealth Partaking Scheme, which functions as a very low-level form of basic income. As reported by the Xinhua News Agency, the official press agency of the People’s Republic of China, the Macao region will be spending over 12bn patacas (1.2 billion

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China: The State Council has issued its first ArtificiaI Intelligence development plan

The State Council of China released an Artificial Intelligence (AI) development plan on July 20, 2017, which aims to build a domestic industry worth almost $150 billion and positioning the country to become the world leader in AI by 2030. There are three steps in the plan. By 2020, the Chinese government expects its companies and research facilities to be

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China: A city social dividend proposal captures national attention

Shenzhen City Shenzhen is one of the four current first-tier cities in China, and the other three are Beijing, Shanghai and Guangzhou. In February 2017, Shenzhen Innovation and Development Institute, a famous think tank founded in 2013, issued an “Outline of Shared development in Shenzhen”, which calls for a social dividend program in a package of reform measures. Shenzhen is

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Wealth Partaking Scheme: Macau’s small UBI

Macau City   The government of the Macau Special Administrative Region (SAR) in China has announced the “Wealth Partaking Scheme 2017” (WPS), under which local permanent residents are entitled to receive a small annual unconditional basic income of 9,000 patacas [US $1,128 (1)] and non-permanent residents 5,400 patacas [US $672]. With the Administrative Regulation No. 18/2017, the scheme came into

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