The 2024 Chinese economy is foreshadowing AI's most destructive economic effect; not unemployment, but deflation.
China should focus on fighting deflationary pressure, former central bank governor says
https://www.cnbc.com/2024/09/06/ex-pboc-head-china-should-focus-on-fighting-deflationary-pressure.html
China's policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People's Bank of China, said Friday at the Bund Summit in Shanghai.