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

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 Beijing forced the deal to unwind. Alice and James unpack why Chinese regulators intervened, what happened to Manus's founders, and what this all signals about Beijing's grip on its AI sector. Finally: Gen Z in China is skipping the megacities. Alice and James dig into why more young people are choosing Tier 3 and Tier 4 cities over Beijing and Shanghai, and whether it's a lifestyle choice or a symptom of a tougher economy. Subscribe to China Decode on Substack for weekly analysis, livestreams, and deep dives into the biggest story shaping the global economy: chinadecode.profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Episoder(1159)

What SpaceX's IPO Means for Tech Stocks, and Coping With Panic Attacks

What SpaceX's IPO Means for Tech Stocks, and Coping With Panic Attacks

Scott Galloway breaks down what SpaceX's rocky debut means for the looming OpenAI and Anthropic IPOs, how to approach celebrities and CEOs without being "that person," and what a lifetime of panic att...

13 Jul 23min

No Mercy / No Malice: War on the Young

No Mercy / No Malice: War on the Young

As read by George Hahn. https://www.profgmedia.com/p/war-on-the-young Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Jul 17min

The Week: Who Does the Market Actually Work For?

The Week: Who Does the Market Actually Work For?

George Hahn connects the dots across the week’s biggest stories: how presidential favor can move markets, why OpenAI wants the government as an investor, and what SpaceX’s fast track into the Nasdaq-1...

10 Jul 17min

Why OpenAI Bought a Podcast — with TBPN’s John Coogan and Jordi Hays

Why OpenAI Bought a Podcast — with TBPN’s John Coogan and Jordi Hays

Scott Galloway sits down with TBPN creators John Coogan and Jordi Hays to unpack how they turned a daily tech show into one of the fastest-growing businesses in media — and ultimately, OpenAI’s first ...

9 Jul 1h 1min

The Fed's Next Move, and How Couples Should Actually Handle Money

The Fed's Next Move, and How Couples Should Actually Handle Money

Scott Galloway breaks down why the Fed may raise rates instead of cutting them, unpacks the shifting dynamics of money and separate accounts in modern relationships, and explains how to protect your w...

8 Jul 20min

China Decode: Ballistic Missile Test, Europe's AC Addiction, and China's AI Coding Challenger

China Decode: Ballistic Missile Test, Europe's AC Addiction, and China's AI Coding Challenger

Alice Han and James Kynge start with China's latest ballistic missile test into the Pacific and what it means alongside a new Australia-Fiji defense pact. Then: Europe wants to shrink its record trad...

7 Jul 48min

Why AI Stocks Are Overvalued + Are Networking Events Actually Worth It?

Why AI Stocks Are Overvalued + Are Networking Events Actually Worth It?

Scott Galloway breaks down why AI spending is soaring while ROI lags, weighs in on whether Cannes Lions is worth it for young professionals without networking budgets, and reflects on how rowing crew ...

6 Jul 21min

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