Alicia García‑Herrero

speaker

388 appearances 1 recordings 1 series first heard Aug 2026 last heard 6 Aug

Alicia García‑Herrero’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.

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Pekingology · Inside China's Dual Economy · 6 Aug 2026 podcast

So for them to increase in compute capacity, the only constraint is, frankly speaking, your export controls.

And, you know, that's what it is.

But beyond that, it's not inflationary.

You see what I mean?

It's only deflationary because by introducing AI mostly on vertical AI, meaning on automation and AI augmented automation, the only thing you are doing is to reduce the unit cost of production.

That means basically companies will sell at that lower unit cost because no matter how big we think exports are, still, even in solar panels, one out of four is exported.

The other three have to be sold in a market where

Where those workers, which are now automated, need to earn salaries, wages to pay for that additional unit of production.

So it's totally deflationary in China.

And therefore, for me, AI only feeds the involution.

problem in China, which is very different from the U.S.

Maybe the U.S.

will end up there eventually once it has solved its constraints, its energy constraints, its rare earth constraints.

But China doesn't have those constraints as of now.

Energy costs are already lower than the U.S., or at least heading down compared to the U.S.

So for me, that is clearly why AI will only make this problem, the dual economy issue, bigger.

Yeah.

This is going to be interesting because for once I'm going to agree with this in other words.

I did say that AI is making involution worse and I still hold to that finding.

But you always need the counterfactual.

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