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As of the end of last year, China had 171,100 kilometers of toll roads, accounting for 3.6 percent of all roads. The aggregate investment in toll road construction came to 7.59 trillion yuan (.12 trillion) and the outstanding debts stood at 4.86 billion yuan, according to a communiqué on toll roads released by the Ministry of Transportation.

As my family's financial situation improved, I had the opportunity to study in the United Kingdom. After graduating from Imperial College London, I went to work in a company in Hong Kong which was among the world's top 500.

As of the end of June, PSBC had granted small loans worth a total of 1.54 trillion yuan (4.26 billion), and each loan was about 70,000 yuan on average. The balance of its small poverty alleviation loans reached nearly 7.5 billion yuan, up by more than 29 percent from the beginning of this year.

As of December 2017, there were 77 "unicorn companies" -- private startups valued at more than billion -- in internet and information industries in China, according to the report.

As long as the cost of adding more supervisors does not outweigh the savings from automation－which it shouldn't or they wouldn't automate－the reduction in the price of the final good would spur an increase in demand. If the increase in demand is large enough, it could even expand the number of jobs in factories that automate part, but not all, of their production processes. In this case, the automation leads to a net increase in jobs.