Consequently,
Chinese president fists table against new: Furthermore. Consequently,
Chinese president fists table against:
The Chinese president wants to deflate the AI bubble and electric vehicles in his country. Therefore, After having assured the contrary last year, Xi Jinping now ensures that China is in a situation of “overcapacity”.
Xi Jinping has launched such a rare. Nevertheless, severe warning to the Chinese provinces that start to invest heavily in artificial intelligence and electric vehicles. In addition. For the Chinese president, irresponsible local leaders make hasty investment decisions, discard their responsibilities and leave problems for future generations. Nevertheless, It is especially visible in medium -sized cities that have capacities without real outlets. Large technological centers, such as Beijing or Shenzhen, are not targeted.
Station to the AI and electric bubble – Chinese president fists table against – Chinese president fists table against new
The warning is nonetheless serious. Xi Jinping questioned the need for all provinces chinese president fists table against new – including the least populated – to launch into the fashionable. industrial sectors. He chinese president fists table against denounces a generalized race for projects which leads to industrial overcapacity and prize war.
The phenomenon. baptized “involution” by the Chinese presidency. contributes to the deflationary pressure (general and sustainable decrease in the prices of goods and services, generally linked to too low demand) that the country has experienced for a while. This period of deflation has been the longest since the 1990s.
The situation is particularly critical in the data centers constructed in haste. often without the necessary technical skills, and which under the exploit of calculation capacities which could be precious elsewhere. In the automotive sector, tariff wars weaken the margins of manufacturers and worry foreign business partners.
Last year, Xi Jinping denied the existence of industrial overcapacity during a visit to France. This time, he no longer sails chinese president fists table against new his face: China must react to this problem. And some industries have already taken the bull by horns, like chinese president fists table against photovoltaics and cement. These two sectors have reduced their production to stabilize prices.
🔴 To not miss any 01net news, follow us on Google News and Whatsapp.
Source : Financial Times
Further reading: “. It’s a blow for customers”: the savings bank imposes a controversial rule that could upset your finances today – “Increase in fire risk”: Ford recalls nearly 700,000 vehicles – The boss of Nvidia calls on young people to turn to this area that will change everything – Itochu will launch the first stake ship in the world fueled with ammonia by 2028 – Coffee capsules recalled throughout France for a “health risk”.
Further reading: Workers on vacation: the urgent need to take the time to live – The CEO of Nvidia will hold a press conference in Beijing on July 16 – In Lucciana, a food brand puts on the short circuit to enhance local production – Here are the conditions for the right to the electric car at € 95 per month in France – Heat wave – the best tech accessories to survive heat.
