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Chinese Advisor Warns AI May Worsen Economic Imbalance
The Chinese Central Bank Advisor stated that artificial intelligence could deepen and prolong the imbalance in China's economy, which manifests as a gap between strong supply and weak demand. He called for policies to boost consumption and restore balance among economic sectors, with a focus on market reforms and expanding the market's role in resource allocation. He also suggested increasing foreign investment, enhancing industrial cooperation, and stimulating economic activity through supporting the budgets of local governments and financial institutions.
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