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But with 300 yuan improvement in both its first and second levels of the monthly minimum wage, Chongqing ranks first in terms of the amount of the increase among the nine regions this time. As of Jan 1, 2019, the municipality has been implementing an improved standard at 1,800 yuan and 1,700 yuan in terms of its first-level and second-level monthly minimum wage, respectively.

But this is dwarfed by a position from the China Democratic League Central Committee in last year's exam, which drew interest from 3,771 applicants.

But, NBS data show that the unemployment rate declined somewhat to 5.4 percent in September from a high of 6.2 percent in February－much lower than the rates in other countries.

Butter, cheese and cream, are expected to see an uptick following their integration into everyday Chinese home cooking, he said. Fonterra is also looking forward to getting into the pasteurized low temperature yogurt sector, he said.

But, he added, the impact of automation and AI is not always clear cut. New manufacturing technologies may also create value even for low-paid and low-skill workers in the informal economy.