Former PBOC governor Zhou Xiaochuan said on Oct. 20 at the 2026 Bund Summit roundtable on AI and productivity that AI’s development will produce both successful and failed investments. With very large capital flows into AI and related infrastructure, Zhou warned that a wave of investment failures could trigger financial turbulence and potentially a crisis, requiring large-scale economic support and rescue measures for some financial institutions. He called for research and pre-positioning of pol

Former PBOC governor Zhou Xiaochuan said on Oct. 20 at the 2026 Bund Summit roundtable on AI and productivity that AI’s development will produce both successful and failed investments. With very large capital flows into AI and related infrastructure, Zhou warned that a wave of investment failures could trigger financial turbulence and potentially a crisis, requiring large-scale economic support and rescue measures for some financial institutions. He called for research and pre-positioning of policy tools in the toolbox to respond to such shocks.