The Prof G Pod with Scott Galloway

Snapshot · 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

Explore episode Jul 14, 2026

Where this was said

Welcome & Market Check

At 2:00 · chapter starts 1:30

After a brief welcome from both hosts, Alice Han delivers a swift market rundown that frames the episode's mood: Chinese equities are under pressure, with the Shanghai Composite off 2.06% and the Shenzhen Component down 3.48%, partly attributed to risk-off sentiment around escalating US-Iran tensions. Only Hong Kong's Hang Seng managed a small positive, up 0.16%. It's a terse, efficient opening that signals this is a show for people who already understand the basics and want the analysis.

Business
China Drops Its Jobs Target for the First Time Since the 1990s

China Decode: China Drops Its Jobs Target, Tencent Buys Bac… · Jul 14, 2026 Business

For the first time since at least the 1990s, China's Five-Year Plan contains no numerical jobs target. Beijing isn't being modest — it genuinely doesn't know how AI disruption and demographic collapse will reshape its labor market, and Alice Han argues this admission of uncertainty may be the most revealing economic signal China has sent in decades.

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