Sam Radwan weighs China’s booming exports and rapid AI innovation against a consumer economy still struggling with weak confidence, real estate problems and youth unemployment. He sees a long-term, L-shaped recovery and says AI-driven efficiencies may actually worsen employment pressures rather than trickle down to consumers. China’s fierce AI competition is producing impressive innovation, but price cuts and margin pressure raise questions about whether many of those companies can turn that progress into profitable businesses.
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