Comment by alephnerd

The point is that just like in the US, Chinese decision-makers are increasingly voicing concerns about unrealistic assumptions, valuations, and expectations around the capabilities of AI/ML.

You can be optimistic about the value of agentic workflows or domain specific applications of LLMs but at the same time recognize that something like AGI is horseshit techno-millenarianism. I myself have made a pretty successful career so far following this train of logic.

The point about Solow's Paradox is that the gains of certain high productivity technologies do not provide society-wide economic benefit, and in a country like China where the median household income is in the $300-400/mo range and the vast majority of citizens are not tech adjacent, it can lead to potential discontent.

The Chinese government is increasingly sensitive to these kinds of capital misallocations after the Evergrande Crisis and the ongoing domestic EV Price War between SoEs, because vast amounts of government capital is being burnt with little to show for it from an outcomes perspective (eg. a private company like BYD has completely trounced every other domestic EV competitor in China - the majority of whom are state owned and burnt billions investing in SoEs that never had a comparative advantage against BYD or an experienced automotive SoE like SAIC).