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NYT: Chinese Economists Warn Beijing's AI Fixation Is Deepening a Broader Economic Crisis as Xi Heads to Washington

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Summary

Li Yuan's Sept 20 New York Times piece reports Chinese economists warning that Beijing's concentration of resources on AI is coming at the expense of a broader economic crisis: 18.9% youth unemployment, ~20% drop in domestic car sales, another 14% slide in housing sales, and a deflationary spiral. Former PBoC adviser Li Daokui is quoted saying booming high-tech sectors can't lift the wider base. The framing lands as Xi arrives in Washington for the Sept 24 summit.

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