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China's Innovation Gap: Cautious Adoption of AI and Stablecoins

12/8/2025

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Summary

Story summary

Huang Yiping, dean of Peking University’s National School of Development, says new technologies such as stablecoins and AI require cautious adoption.
He reflects on China’s upcoming five-year plan.
He notes that China lags behind the United States in innovation but excels at applying AI practically.
He references the Solow paradox, which highlights the gap between extensive technology use and productivity growth.

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Story summary

Huang Yiping, dean of Peking University’s National School of Development, says new technologies such as stablecoins and AI require cautious adoption.
He reflects on China’s upcoming five-year plan.
He notes that China lags behind the United States in innovation but excels at applying AI practically.
He references the Solow paradox, which highlights the gap between extensive technology use and productivity growth.