In a keynote posted by the People’s Bank of China on 19 October 2026, Governor Pan Gongsheng said that, in the discussions of international organisations and central banks, issues worth attention include that AI’s demand and supply effects may differ in timing, raising inflation in the short term and lowering it through productivity in the medium to long term, and that the PBoC will prudently assess the impact of AI on the macroeconomy, financial markets and monetary policy.

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