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The 2026 Inclusion · Bund Conference opened in Shanghai with the theme of “Co-creating a New AI Economy”. Nobel laureate economist Philippe Agion said at the main forum that considering AI's automation of tasks in the production of goods and services alone, AI is expected to increase productivity growth by an additional 0.68 percentage points per year over the next ten years. This impact is on the same level as the productivity increase estimated based on the experience of the IT revolution. If we further consider the role of AI in promoting the generation of new ideas, Agion believes that the productivity growth rate may increase by at least 0.4 percentage points each year, with a total potential increase of about 1.08 percentage points. The potential impact may exceed the IT revolution.
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The 2026 Inclusion · Bund Conference opened in Shanghai with the theme of “Co-creating a New AI Economy”. Nobel laureate economist Philippe Agion said at the main forum that considering AI's automation of tasks in the production of goods and services alone, AI is expected to increase productivity growth by an additional 0.68 percentage points per year over the next ten years. This impact is on the same level as the productivity increase estimated based on the IT revolution experience. If we further consider the role of AI in promoting the generation of new ideas, Agion believes that the productivity growth rate may increase by at least 0.4 percentage points each year, with a total potential increase of about 1.08 percentage points. The potential impact may exceed the IT revolution.
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