Zhou Xiaochuan, former governor of the Central Bank of China, said on October 20 at the 2026 Bund Annual Conference “AI and Productivity Transformation: Macro Impact under Technological Transition” roundtable forum that with regard to the evolution of artificial intelligence technology, we will undoubtedly face partial investment failures and successful investments, but considering that today's huge capital flows to artificial intelligence and related infrastructure, once part of it fails, it may cause financial turmoil and cause a crisis. This requires large-scale actions to support the economy and bail out some financial institutions. Therefore, we should carry out research and make plans, and reserve corresponding policy tools in our policy toolbox to deal with such turbulence and impact.

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