The idea of new structural economics does seem very interesting, as despite my original bias towards being skeptical of excessive deficit spending, Mr. Yifu Lin's logic is hard to argue against! Glad to hear about this interesting concept, and to see that top Chinese intellectuals are daring to think beyond established paradigms.
"In my view, during the 15th Five-Year Plan period (2026-2030), it is highly likely that an AI bubble will burst in a way similar to the dot-com crash of 2000." plus the rest of those paragraphs.
https://open.substack.com/pub/sinification/p/november-digest-part-1-economics?r=1p5jhd&utm_medium=ios
Great post guys. Thanks.
The idea of new structural economics does seem very interesting, as despite my original bias towards being skeptical of excessive deficit spending, Mr. Yifu Lin's logic is hard to argue against! Glad to hear about this interesting concept, and to see that top Chinese intellectuals are daring to think beyond established paradigms.
It does feel like 有些时候有利于省钱，但是，现在不是这样的时候。
The five year prediction of an AI bubble bursting seems like too long a timeframe to predict and I didn't see it mentioned in the link.
"In my view, during the 15th Five-Year Plan period (2026-2030), it is highly likely that an AI bubble will burst in a way similar to the dot-com crash of 2000." plus the rest of those paragraphs.