Zhou Xiaochuan: Research and contingency plans should be carried out to guard against financial risks triggered by failed AI investments
21/10/2026 00:20:01
Bollcoin reported on October 20, citing Jiemian News, that Zhou Xiaochuan, former governor of the People's Bank of China, said at the 2026 Bund Summit roundtable "AI and Productivity Transformation: Macro Shocks Amid Technological Leap" that we will undoubtedly face a situation where some AI investments fail and some succeed, but given the enormous amount of capital now flowing into AI and related infrastructure, if part of it fails, it could trigger financial turmoil and even a crisis, requiring large-scale action to support the economy and bail out some financial institutions. Therefore, we should conduct research and make contingency plans, and reserve corresponding policy tools in the policy toolbox to deal with such turmoil and impact.