China faces economic balancing act: AI and exports boom while consumers stay home
• Premier Li Qiang chaired a State Council meeting focused on accelerating breakthroughs in AI, including the development of ultra-large computing clusters and the acquisition of high-quality data and talent. • The initiative highlights Beijing's strategy to drive growth through technology and exports to offset a significant slump in domestic consumer spending. • These high-level discussions serve as a precursor to a high-stakes economic growth assessment scheduled for the Politburo next month.
scmp.com