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China central bank adviser says AI may deepen supply-demand imbalance
BEIJING: Artificial intelligence could deepen and prolong China’s strong supply and weak demand imbalance, a central bank adviser said on Saturday, adding to calls for policies that bolster consumption and repair balance sheets across the economy. China’s policymakers have been trying to revive domestic demand amid a prolonged property downturn, local government debt pressures and cautious household spending. A global AI boom has helped support China’s exports this year, cushioning the economy against weak domestic demand. “As AI is deployed more widely and innovation accelerates, the imbalanc...
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