SHANGHAI (Reuters) -China’s monetary policy framework will stay the same as long as the goal remains price stability, Huang Yiping, an adviser to the central bank and a professor at Peking University, said on Friday, addressing the impact of AI on broad macro policy.
The remarks come at a time when the government is promoting AI adoption across key economic sectors and amid rising market discussion about AI impact on future policy.
“The monetary policy framework will not change, if the goal is to achieve price stability, and I think that would probably remain the same,” Huang told the annual Bund Summit in Shanghai.
Whether the tools and techniques used to achieve that stability need to adapt to new technology is an open question, he said.
“One small question is … if a successful AI revolution in the short term might be deflationary or push down prices? That certainly could raise the question whether the original, the lower, inflation targets should be maintained,” Huang said.
(Reporting by Shanghai Newsroom; Editing by Christopher Cushing)
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