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Minmin Low (Bloomberg News) tells Bloomberg that because China's AI push is about automation, new tech-sector jobs will not be enough to replace those lost in property and traditional manufacturing.
the jobs that will be created from the new tech sectors is not going to be enough to replace the jobs that were created from the old traditional sectors, like property and traditional manufacturing.
Minmin Low (Bloomberg China correspondent) argues China has an AI adoption advantage over the US because Chinese users are more willing to experiment, even if China lags in chips.
And here is where China perhaps has an advantage over the U.S. because Chinese users are far more willing to experiment with new products.
Nasdaq since this was said: ▼ -0.8% · 26,729 → 26,507 · as of 2026-09-04
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