Top Chinese political journal calls for ‘patient capital’ amid AI investment frenzy
The top theoretical journal of China’s ruling Communist Party has run commentaries urging the country to cultivate “patient capital” for three days straight, as Beijing seeks to harness investment to boost long-term innovation amid fears of speculative excess in the artificial intelligence sector. The three posts, published on Qiushi’s official WeChat account from Wednesday to Friday, were drawn from an article in the journal’s latest issue by Xu Siwei, chairman of the vast Chinese state-owned...
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