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Jack Ma: Manufacturing won't be main driver of job creation

Alibaba CEO Jack Ma talks about the future of work at Bloomberg's Global Business Forum. Photo: Screengrab from conference livestream

Jack Ma, founder and CEO of Alibaba, spoke about the future of work at the Bloomberg Global Business Forum Wednesday, warning governments to pay attention to the next 30 years, to those under 30 years old, and to small businesses — "I believe the small is beautiful and is powerful." He also zeroed in on how the servic industry, not manufacturing, will be the driver of job creation.

Man vs. Machine: Ma said there are a lot of people with worries, but most overestimate what this new technological revolution will bring to the world. He said that machines will be faster and stronger than humans, but "human beings have the heart, soul, beliefs and value."