中国经济：AI 驱动新经济的宏微观脱节-China_Economics_The_Macro-Micro_Disconnect_of_AI-Driven_New_Economy-China_Economics

Vi e w p o i n t | 03 Feb 2026 00:03:27 ET │ 20 pages China Economics The Macro-Micro Disconnect of AI-Driven New Economy CITI'S TAKE China's AI-driven new economy is catching up with the global frontier, fueling a tech-heavy equity rally. For GDP accounting, the new economy is now macro-relevant and may fully offset property's drag. The promising macro story, however, has failed to lift micro sentiment. AI may raise the risk of "jobless growth", deepening the macro-micro disconnect. Our estimates – conserv ...