China advisers urge fix for AI-fueled, weak-consumption divide

Several current and former advisers to the Chinese government called on June 27, 2026, at an event hosted by the think tank China Macroeconomy Forum in Beijing, for authorities to correct the economy's "two-speed" (K-shaped) divergence, in which AI-driven high-tech and export sectors thrive while domestic consumption languishes. According to Bloomberg, the advisers warned that a global super-cycle in AI investment is lifting exports and industrial output, even as consumer confidence weakens and deflationary pressure persists. (details, report)