People’s Bank of China to monitor AI’s impact on economy and policy

Governor Pan Gongsheng says the central bank will study how artificial intelligence affects growth, markets and monetary policy before it acts China’s central bank has added a new item to its watch list: artificial intelligence. Speaking at the Financial Street Forum in Beijing on October 19, 2026, People’s Bank of China (PBOC) Governor Pan Gongsheng said the bank will keep a close eye on how AI affects the economy, financial markets and monetary policy. The goal, he said, is to make forward-looking policy preparations rather than scramble after the fact. Pan framed the bank’s approach as cautious and measured. He called for prudent assessments of AI’s influence across three areas: the broader economy, financial markets and the mechanics of monetary policy itself. On jobs, Pan offered a nuanced read.

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