With AI in the driving seat, China moves to rein in job displacement risks

AI Summary
China is anticipating the widespread adoption of AI, particularly in autonomous driving, which could displace numerous workers. Economist Ren Zeping predicts autonomous driving will rapidly advance, potentially impacting professions like taxi and ride-hailing drivers. In response, China's Ministry of Human Resources and Social Security announced on Tuesday they are developing a policy directive to address the employment concerns arising from AI development. The document, expected later this year, will be China's first systematic response at the central government level to the impact of AI on employment. This action comes as China promotes AI as a core driver of economic growth, acknowledging the potential job substitution effects.
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