Dialogue with Stephen Roach: AI's Economic Impact Will Be Lagging, China Fully Capable of Benefiting

　　China possesses unique advantages in AI application scenarios, data scale, and government motivation. As the potential of China's "application-end innovation" gradually unleashes, the Chinese economy is welcoming new growth momentum.

　　Stephen S. Roach, Senior Fellow at Yale University and former Chairman of Morgan Stanley Asia, stated in an interview with 21st Century Business Herald at the 2025 Bund Summit that regarding AI's economic impact, the benefits from the application side are likely more significant in the short to medium term, and China is fully capable of enjoying these benefits.

　　Stephen Roach has personally experienced earlier technological waves, the impacts of which all took time to materialize. In the late 1990s, he conducted extensive research on the impact of information technology on productivity, which ultimately manifested in productivity statistics.

　　Regarding the artificial intelligence era, he told the reporter that it is highly likely we will see a similar, albeit lagging, impact from AI in the future, and this holds true for both China and the United States, among other countries.

　　With the development of AI technology, Stephen Roach hopes that shared challenges will create a much-needed "new space for cooperation" between China and the United States, becoming an unexpected fulcrum for stabilizing bilateral relations. He hopes for more Sino-US cooperation, from artificial intelligence to cybersecurity and global health issues, to defend common interests on important matters.