Special Report: Global Wealth Management Forum · 2025 Shanghai Suhe Bay Conference On October 18, 2025, the Global Wealth Management Forum · 2025 Shanghai Suhe Bay Conference is being held from October 18 to 19 in Jing'an District, Shanghai. Jin Liqun, President and Chairman of the Asian Infrastructure Investment Bank, attended the conference and delivered a speech.
Regarding generative AI, Jin Liqun believes its influence is profound. “Generative AI is redefining our work patterns, factory operations, and the models of value creation and distribution. As the penetration of generative AI or AI increases, we will gradually see its deep impact, which may even exceed many people's boldest expectations.” Jin remarked, “Generative AI will define our lives in this era, and AI can significantly enhance productivity.”
At the same time, Jin raised concerns about whether generative AI might bring about new development imbalances. “Previously, we observed the distribution of labor and capital during the Industrial Revolution. If we enter a world reliant on AI and robotics, robots serve as both capital and labor. So, the previous classifications of labor and capital no longer apply; robots can work 24/7, they do not go on strike, and they do not form unions, thus avoiding such issues. This means that for developing countries, relying heavily on labor over the past three to four decades will have significant repercussions,” Jin explained.
“For developed countries, the cost of manufacturing robots is higher, and human competitive machinery will be reduced, leading to the disappearance of the demographic dividend for many developing countries. Much manufacturing will shift back to developed countries. We are witnessing AI and robots significantly reduce labor costs, bringing manufacturing back to developed countries. This is not a mere assumption; it is happening now and will occur across many industries.”
In terms of how developing countries can respond to the challenges posed by AI, Jin recommends the beneficial use of AI to address related issues. He hopes to better adapt to economic development and enhance financial sectors, including the use of renewable and clean energy, focusing on improving infrastructure in these areas, and committing to the construction of digital infrastructure. This will help in further developing infrastructure and enhancing the economic and social development of relevant facilities.