@elonmusk All production ultimately serves demand.
I believe this holds true on the premise that: AI's powerful capabilities can significantly translate into improved productivity and employment demand. Without meeting basic needs, discussing birth rates is entirely meaningless.
@tphuang and education, rather than continuing to speculate on housing. However, letting real estate capital collapse outright is not viable either. This will test the leadership’s ability and even their willingness to make sacrifices.
@tphuang Saving real estate could sustain GDP growth on paper, rescuing developers and local government finances, but in the long term, it yields negative returns. China must shift from a land-rent economy to a digital economy, redirecting capital to high-value sectors like AI, high-tech,