China Decode: China Drops Its Jobs Target, Tencent Buys Back Manus, and the Rise of "Tier 3 City" Living

The Prof G Pod with Scott Galloway
China Decode: China Drops Its Jobs Target, Tencent Buys Back Manus, and the Rise of "Tier 3 City" Living

China Decode: China Drops Its Jobs Target, Tencent Buys Back Manus, and the Rise of "Tier 3 City" Living

Jul 14, 202649m
0:0049:37

About This Episode

Alice Han and James Kynge look at why, for the first time in decades, China's new Five-Year Plan sets no numerical target for urban job creation. With unemployment at 5.1%, producer prices at a four-year high, and AI anxiety rippling through the labor market, what does it mean when Beijing, a government that treats jobs numbers as sacred, stops setting one? Then: Tencent is in talks to become the largest shareholder in Manus, the Chinese AI agent startup Meta tried to buy for $2 billion before B

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