China Advisers Urge Action on AI-Driven Economic Divergence
Several advisers to the Chinese government are calling for measures to address the widening gap between high-tech sectors boosted by AI and the sluggish domestic consumer spending.
Chinese government advisers are pressing officials to tackle a growing economic imbalance, according to a report. The divergence stems from rapid expansion in AI-led high-tech industries, which are outperforming, while consumer spending remains weak.
The calls highlight concerns that the economy's structural divide is deepening. Policymakers are urged to find ways to support lagging consumption without stifling technological growth.
No specific proposals from the advisers were detailed in the report. The government has previously signaled efforts to boost domestic demand amid a fragile recovery.
Source: First Squawk