Zhou Xiaochuan: Research should be conducted and contingency plans prepared to guard against financial risks triggered by failed AI investments.

PANews, October 20 — According to Jiemian News, Zhou Xiaochuan, former Governor of the People's Bank of China, said at the roundtable forum "AI and Productivity Transformation: Macroeconomic Shocks amid Technological Leaps" at the 2026 Bund Summit that regarding the evolution of artificial intelligence technology, we will undoubtedly face a situation in which some investments fail and some succeed, but given that such massive amounts of capital are now flowing into artificial intelligence and related infrastructure, once some of them fail, it could trigger financial turmoil and lead to a crisis, which would require large-scale action to support the economy and bail out some financial institutions. Therefore, we should conduct research and prepare contingency plans, and reserve corresponding policy tools in the policy toolbox to respond to such turmoil and impact.