PANews|Oct 20, 2026 08:14
[Zhou Xiaochuan: Research and Preparedness Needed to Prevent Financial Risks from AI Investment Failures]
According to Jiemian News, Zhou Xiaochuan, former governor of the People's Bank of China, stated at the 2026 Bund Summit's roundtable forum titled 'AI and Productivity Transformation: Macroeconomic Impact of Technological Leap' that as artificial intelligence technology evolves, we will undoubtedly face scenarios of both investment failures and successes. However, considering the massive flow of capital into AI and related infrastructure today, if a portion of these investments fail, it could trigger financial turbulence and potentially lead to a crisis. This necessitates large-scale actions to support the economy and provide bailouts for certain financial institutions. Therefore, we should conduct research and prepare contingency plans, reserving appropriate policy tools in the policy toolbox to address such disruptions and impacts.
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