AI automation to shake up labor market by 2030

China's labor market must be well-prepared to adapt to challenges brought by the rapid development of artificial intelligence, which is expected to replace 40 million to 50 million full-time jobs in the country within the next 15 years, according to a report released on Wednesday.

The joint China Development Research Foundation and Sequoia Capital China report quoted the estimate from McKinsey Global Institute, saying the technology can help achieve automation in many fields.

By 2030, automation will replace one-fifth of the country's jobs in the manufacturing industry, and if the process of automation accelerates, nearly 100 million workers will need to change their field of work, the report said.