I think it's interesting. Certainly as someone with no artistic talent who role-plays and often needs references for settings, items, characters it stands to potentially make my life a lot easier for that.
I agree with what China is doing, namely that all AI generated visual works should require mandatory watermarking built into the process doing it. It shouldn't be some big ugly thing that distracts from the work, quite the contrary I believe it should be tiny and unobtrusive or even invisible to the naked eye but I believe we should protect the efforts of human artists by allowing people to identify what is and isn't AI generated visual imagery.
The watermarking is also essential for combating disinformation which even if the whole western world were to fall tomorrow and socialism established worldwide by 2030 would still be an issue from lingering reactionaries for many many decades.
I do agree that it is like industrialization in what it will do to certain professions. People still hire tailors to create special pieces, you just need a lot of money to afford that, some minimum wage person had little hope of hiring a personal tailor for custom pieces before or after the fact but now has access to affordable clothing. It will be the same with art. Sucks if you're an artist but the automobile and steam engine sucked for those whose profession was stabling and shoeing horses too, yet we can't hold back progress. People will still commission artistic works, it'll just revert to being very skilled artists and very wealthy people.
There is going to be an adjustment period. What we need is not to ban AI art but to adopt socialism. A society that reaches communism or even the high stage of socialism will not need fear from this. No artist will starve because computers can generate art and there will likely if anything be a resurgence of moderate and low skilled people creating art as a creative endeavor in newly found free time once exploitation has ended. Oh people will still use computer generated art for their DnD games or this and that but with so much free time and unlocking of human potential, no one is going to ask a computer to paint the ceiling of a great new building of the people or a train station, they'll have local artists do so.
Capitalists are not about to allow banning of a cost-cutting measure any more than they would have allowed banning the steam engine or mechanical factories to save the jobs of workers. They're just not. So what we need once again is a new economic mode, we need socialism. That will harmonize everything. Until then, things continue to decay, conditions get worse for workers, all workers. And all we can do is try to have solidarity with and support one another. But not to go around acting like luddites, that if we smash the machines we can change things. This course is set, it has been done, it will continue to be done. All we can do is push for regulation under this situation and of course push for socialism.