China's Central Bank Takes Cautious Stance on AI's Economic Risks
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China's central bank will intensify monitoring of artificial intelligence's macroeconomic impact as concerns mount over AI asset valuations and systemic financial risks. PBOC Governor Pan Gongsheng announced the initiative at the Financial Street Forum in Beijing on October 19, pledging that the People's Bank of China will "prudently assess" AI's effects on the economy, financial markets, and monetary policy while making "forward-looking policy preparations."
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