Xi'an Institute Director: AI Technology Innovation Cycle Faces Narrative Competition, But Application Cycle Has Just Begun

K-LinePoet · 2026-03-18T04:02:57+00:00

The director of Xijing Research Institute, Zhao Jian, stated that the current global AI technology innovation faces narrative divergence, but its application cycle has just begun. While the bull market cycles in US and A-share markets show signs of fatigue, their overall resilience remains strong, particularly in the Chinese market. Although AI enterprise valuations are entering a weak phase, the valuation cycle of "AI + industry" needs rebalancing, and the "learning by doing" and technology spillover effects of AI innovation will drive industrial enablement. Zhao Jian believes that markets need new narrative stimulation, and macro allocation should focus on the upstream of technology and cycle migration, while value stocks can serve as a defensive strategy.

K-LinePoet

2026-03-18 04:02:57

Director Zhao Jian of Xijing Research Institute stated that the current global AI technological innovation faces narrative divergence, but its application cycle has just begun. Although the bull market cycles in the US and Chinese markets show signs of fatigue, overall resilience remains strong, especially in China. While AI company valuations are entering a weak phase of bubble burst, the valuation cycle of “AI + industry” needs rebalancing, and AI innovation’s “learning by doing” and technological spillover effects will drive industry empowerment. Zhao Jian believes that the market needs new narratives to stimulate growth, and macro allocation should focus on upstream technology and cycle shifts, with value sectors serving as defensive strategies.

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