China's AI Boom Could Widen Inequality, Dent Demand
Dow Jones
Sep 21
0437 GMT - China's ongoing AI boom is likely to widen both demographic and geographic inequality, which could further dent demand, say Nomura economists in a note. The current status of the economy could be best described as a big divergence characterized by domestic weakness. "We expect Beijing to initiate a new round of supportive measures," they say, but expect the scale of such measures to be limited. Considering ample market liquidity and falling government bond yields, Nomura maintains its forecast for no rate cuts until 2Q next year.
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