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China’s HR Minister Says Jobs Will Stay Stable for 5 Years Despite AI and Labour Headwinds

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR:

  • China’s HR minister pledges stable employment over five years despite rapid AI and labour disruptions.
  • Young people, college graduates, and migrant workers are prioritized under China’s new employment plan.
  • Vocational training and entrepreneurship support will help workers adapt to AI-driven industry changes.
  • China aims to align AI development with workforce growth rather than allowing automation to replace jobs.

China says it can keep jobs stable over the next five years, even as artificial intelligence and labour market pressures grow.

Human Resources Minister Wang Xiaoping made this confident assertion on Saturday at the annual parliamentary session in Beijing.

She acknowledged mounting challenges but maintained that positive employment momentum remains achievable.

The government’s plan targets young people, college graduates, and migrant workers to sustain workforce stability nationwide.

China Stands Firm on Job Stability Despite Growing AI Disruption

China says it can keep jobs stable even as automation continues reshaping traditional industries across the country. The government recognizes that AI adoption may disrupt workforce demand in several key sectors.

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Despite these concerns, officials remain confident that proactive policies will protect employment conditions. The rapid pace of technological change has not shifted China’s firm stance on labour stability.

Wang Xiaoping stated during the parliamentary session that China will expand employment opportunities for vulnerable workforce groups.

Young people, college graduates, and migrant workers remain at the center of this commitment. Reuters reported that Wang said China will “keep employment stable and sustain positive momentum over the next five years,” affirming the government’s resolve. These groups face the greatest exposure to shifts driven by economic and technological changes.

Vocational training programs will be strengthened to prepare workers for an evolving job market. Entrepreneurship support and new-sector job growth policies will also be introduced.

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College graduates entering the workforce each year will receive expanded employment assistance. Migrant workers, critical to manufacturing and urban development, will benefit from additional targeted measures.

Officials argue that combining economic growth with forward-looking employment policy creates a strong buffer against disruption.

China says it can keep jobs stable by ensuring technological progress works alongside workforce development. The government believes this dual approach will carry employment conditions through the next five-year period. Policymakers remain cautious but consistently optimistic about the road ahead.

Labour Market Uncertainties Challenge China’s Five-Year Employment Pledge

China says it can keep jobs stable, but labour market uncertainties continue to test that confidence in real time. Structural economic shifts and the growing adoption of AI technologies are altering workforce demand.

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Traditional industries face pressure as automation replaces roles previously held by human workers. The government acknowledges these realities while pushing back against projections of widespread job loss.

Reports from the NPC sidelines noted that Wang emphasized “rising labour market uncertainties and the rapid development of artificial intelligence pose challenges,” making the government’s stable-employment pledge all the more significant.

Officials are now prioritizing policies that stimulate job creation within emerging digital and technology sectors. These industries are expected to absorb workers transitioning out of disrupted traditional roles. A measured and structured transition strategy remains central to China’s employment protection plan.

China plans to ensure AI development complements rather than replaces workforce opportunities across industries. Retraining programs will help workers adapt to new technological demands over time.

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Digital transformation strategies will be rolled out alongside accessible worker support systems. This balanced approach aims to reduce the human cost of rapid automation.

China says it can keep jobs stable over the next five years through consistent policy action and economic management. Workforce training, innovation-driven job creation, and targeted group support form the backbone of this plan.

The government remains committed to protecting employment while advancing its broader digital economy goals. With clear policy direction in place, China moves forward with both ambition and measured confidence.

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Crypto World

Ansem Says Ethereum Is in a Worse Spot Than 2023 as Thesis Weakens

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Ethereum Price Prediction

Crypto analyst Ansem argues that Ethereum (ETH) is in a “worse spot” in 2026 than it was in 2023, pointing to a thesis he says has been eroding for years.

His bearish take drew rebuttals from some members of the community. Meanwhile, on-chain activity and technical indicators elsewhere on the network flash bullish signals.

Ansem Lists Cracks in the ETH Thesis

Ansem argues that Solana (SOL) has dominated retail activity this cycle. Hyperliquid has taken the lead in perpetual futures trading, while rollups have failed to gain traction.

He also noted that Vitalik Buterin “publicly abandoned” the general-use rollup thesis. The ongoing Aave (AAVE) situation around the KelpDAO rsETH exploit, Ansem said, is a mark on  Ethereum’s core value proposition of “safety + security of defi & insto interest.

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“ETH thesis has been weakening consistently for years,” the analyst wrote. ETH in 2026 is in a worse spot than it was in 2023, amplified by AI doing extremely well & tech stocks being much more favorable investments with real revenues / emerging narratives / increasing momentum, ETH is a $300B asset with a ton of overhang from Tom Lee topblasting + complacent ETH holders sitting idle in defi protocols.”

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Technically, the analyst noted that ETH remains in a sustained downtrend after failing to break multi-year resistance. He projected that the second-largest cryptocurrency could slip to 2025 lows near $1,300 and to the bear-market lows from 2022.

“Tight invalidation 2377 assuming problems worsen if you want to play it loose assuming other risk assets continues doing well & drags it up probably somewhere around 2700/2800 invalidation fundamentals wise would want to see breakout activity from some new vertical,” the post read.

Ethereum Price Prediction
Ethereum Price Prediction. Source: X/Ansem

Community Members Push Back

The take triggered notable pushback. Ryan Berckmans accused Ansem of not understanding fundamentals. Leo Lanza went further, sharply dismissing the analyst’s bearish case on X.

Another user pointed to a 56% drop in the SOL/ETH pair this cycle.

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“Soleth is down 56% after being up 12x+ *this cycle* because one guy decided to buy 5% of the eth supply after it had underperformed all cycle. idk why you guys act like i dont also bearpost solana i havent posted anything bullish about sol in over a year,” Ansem replied.

Not everyone shares the bearish view on Ethereum. BeInCrypto recently highlighted that network activity remains strong, while technical indicators like the Rainbow Chart and MACD are also flashing bullish signals.

With macro and geopolitical uncertainty still in play, the question is whether ETH slides further this year or stages a renewed rally.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

The post Ansem Says Ethereum Is in a Worse Spot Than 2023 as Thesis Weakens appeared first on BeInCrypto.

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Aave’s TVL Falls $8B After $293M Kelp DAO Hack

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Aave’s TVL Falls $8B After $293M Kelp DAO Hack

Total value locked on decentralized lending protocol Aave dropped by nearly $8 billion over the weekend after hackers behind the $293 million Kelp DAO exploit borrowed funds on Aave, leaving roughly $195 million in “bad debt” on the protocol and triggering withdrawals.

Data from DeFiLlama shows that Aave’s TVL fell from about $26.4 billion to $18.6 billion by Sunday, losing the top spot as the largest DeFi protocol. 

Aave v3’s lending pools for USDt (USDT) and USDC (USDC) are now at 100% utilization, meaning that more than $5.1 billion worth of stablecoins cannot be withdrawn until new liquidity arrives or borrows are repaid. 

$2,540 is available to be withdrawn from the $2.87 billion USDT pool on Aave v3 at the time of writing. Source: Aave

Aave’s TVL fall shows how rapidly risk from a single security incident can spread throughout the broader, interconnected DeFi lending market, potentially leading to a severe liquidity crisis.

The incident began on Saturday when hackers stole 116,500 Kelp DAO Restaked ETH (rsETH) tokens worth about $293 million from Kelp DAO’s LayerZero-powered bridge and used them as collateral on Aave v3 to borrow wrapped Ether (wETH).

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Crypto analytics platform Lookonchain said the move created about $195 million in “bad debt” on Aave, which contributed to the Aave (AAVE) token tanking nearly 20% from $112 on Saturday at 6:00 pm UTC to $89.5 about 25 hours later. 

Lookonchain noted that some of the largest crypto whales to withdraw funds from Aave were the MEXC crypto exchange and Abraxas Capital at $431 million and $392 million, respectively.

Source: Grvt

Several crypto networks and protocols tied to rsETH or the LayerZero bridge have paused use of the bridge until the problem is resolved, including DeFi platform Curve Finance, stablecoin issuer Ethena and BitGo’s Wrapped Bitcoin (WBTC).

Aave has frozen several rsETH, wETH markets

Shortly after the Kelp DAO exploit, Aave said it froze the rsETH markets on both Aave v3 and v4 to prevent any suspicious borrowing and later stated that rsETH on Ethereum mainnet remains fully backed by underlying assets.

WETH reserves also remain frozen on Ethereum, Arbitrum, Base, Mantle and Linea, Aave said.

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This incident marks the first significant stress test of Aave’s “Umbrella” security model, which was introduced in June 2025 to provide automated protection against protocol bad debt while enabling users to earn rewards.

Related: Aave DAO backs V4 mainnet plan in near-unanimous vote

Earlier this month, the Bank of Canada found that Aave avoided bad debt in its v3 market by using overcollateralization, automated liquidations and other strategies that shifted risk to borrowers.

In comments to Cointelegraph, Aave defended its liquidation-based model, framing it as a core safety mechanism that protects lenders while limiting downside for borrowers.

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It comes as Aave parted ways with its longest-standing DeFi risk service provider, Chaos Labs, on April 6, following disagreements over the direction of Aave v4 and budget constraints.

Magazine: Are DeFi devs liable for the illegal activity of others on their platforms?