Chinese central bank adviser warns AI could worsen weak demand and excess supply
Huang Yiping, an adviser to China's central bank, warned on September 19 that AI could worsen excess supply and weak demand. Reuters reports that he spoke at an economic forum in Beijing.
Verified 12:43 AM PDT · 1 original sources
Huang called for higher household income and steps to repair strained balance sheets. He argued that producing more goods does not give households more money to buy them.
Huang issued a warning. He did not provide a measured estimate of AI's economic effects or announce a new central-bank policy. His remarks do not show how much AI has contributed to weak demand in China.
Policy changes could show whether officials can raise household spending. Company reports could show whether sales rise along with output.
Producing more goods and giving households more buying power are different results.
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