00:04That almost looks like me, but it's not.
00:07It's an AI-generated video based on a single screenshot.
00:10Tools from Alibaba, Tencent, Kuaishou are making AI video generation accessible to millions, sometimes for free.
00:18Our company, I can't imagine without AI, how can we survive at the beginning?
00:23Without AI, I don't think our game can actually be done in one year.
00:30It's brought huge productivity gains for this game developer, but also raised alarms in the entertainment industry.
00:36Disney and Paramount have accused ByteDance of IP infringement after its video generator produced near-cinematic scenes from just a
00:45text prompt.
00:46The fear is that AI could replace not just mundane tasks, but jobs across creative industries.
00:52The painting, if we use labor works, it's like $2,000 to $4,000 for one piece.
00:59But with AI, we only use like probably two RMB for one piece.
01:06For policymakers, the challenge is balancing growth.
01:09We will nurture emerging industries and industries of the future.
01:14With disruption.
01:16The rapid development of AI is having a profound impact on employment.
01:20The China Economic Journal projects that more than 30% of urban jobs in China could be lost to AI
01:26by 2049.
01:27That's 142 million jobs.
01:30That's a scenario that could threaten social stability.
01:33Beijing is aiming to create another 12 million jobs this year, with just as many graduates set to enter an
01:39already slack labor market.
01:41In finance and IT, if they're warned for this kind of regulatory barriers, about 30% to 40% of
01:47the job could have been lost right away.
01:49If you're thinking about the automation, AI replacement of a junior rose, it's already happening massively in China.
01:57That leaves Xi Jinping's government with a dilemma.
01:59China can't afford to fall behind in its tech ways with the United States.
02:03But the implications of the tech revolution are far from clear.
02:07If we let AI replace the jobs without taxing the AI appropriately, then it can really get to the core
02:15of the consumer economy.
02:16And we've got to think about the sort of tax policy that is targeted specifically at what is driving those
02:21job losses.
02:22It will be in the regulatory framework at some point.
02:26I just don't see it as a choice yet.
02:39Last December, state media published a landmark arbitration case in Beijing that set some early guardrails.
02:46Dismissing an employee because of AI is illegal because it's a business decision for profit, not an uncontrollable event.
02:53That means companies must prioritize retraining and reassignment before dismissing an employee.
02:59But for now, all signs at the two sessions suggest the government is going all in on tech, at the
03:05risk of leaving some people behind.
03:07Min Min Lo, Bloomberg News, Beijing.
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