China's latest Five-Year Plan omits a numerical target for new urban jobs for the first time since the 1990s, reflecting deep uncertainty from AI's impact on the labor market. The rapid adoption of AI and automation is displacing both blue-collar and white-collar jobs, with flexible employment now encompassing 320 million workers. This challenge is compounded by demographic decline and a low replacement rate. Separately, Tencent is in talks to become the largest shareholder in Manus, a Chinese AI agent startup, after Beijing blocked Meta's earlier acquisition attempt on national security grounds. This regulatory intervention signals central government control over AI issues and may redirect Manus to serve Tencent's domestic ecosystem. Finally, Gen Z in China is moving from major cities to Tier 3 and 4 cities due to high costs and competition, reviving ghost cities. This reverse trend, driven by AI anxiety and unemployment, mirrors Japan's 1970s salaryman culture, with people moving away from the intense 996 work culture to lower-tier cities for a better quality of life.