Domestic policies are in a targeted and gradual easing cycle, China’s State Council promotes AI implementation and amends Price Law—W42 Domestic Macro Update

华尔街见闻2026/10/18 11:17

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Exports and AI investment have supported overall growth this year, with policy maintaining relative stability. Exports are expected to remain resilient in the fourth quarter, but there is still insufficient domestic demand and a K-shaped divergence. If export and AI-driven growth slow next year, policy may shift toward a more comprehensive counter-cyclical adjustment.
The State Council executive meeting heard a report on the progress of the "AI+" initiative, and in principle approved the "Price Law (Revised Draft)" to be submitted to the Standing Committee of the National People's Congress for deliberation. The AI initiative emphasizes both practical application and safety, while price governance deepens the move from disorderly low-price competition toward rule of law.

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Domestic policies are in a targeted and gradual easing cycle, China’s State Council promotes AI implementation and amends Price Law—W42 Domestic Macro Update

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