World Economy

Beijing Dismisses Industry Calls for AI Development Restraint

FW Desk News

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Monday, September 14, 2026

China's Foreign Ministry rejected appeals from U.S. technology executives to moderate artificial intelligence advancement. Guo Jiakun, a ministry spokesperson, stated Monday that "fear-mongering, confrontation, competition will just disrupt" global AI coordination efforts. The pushback followed statements from prominent American tech leaders advocating measured development due to safety concerns. China's Minister of State Security Chen Yixin published an article Sunday urging acceleration of an AI security risk management system, framing the technology as central to geopolitical competition among major powers and emphasizing the need for "healthy and orderly" progress. The rhetoric shift triggered market volatility, with AI-related equities declining sharply Monday, including a 10% drop in SoftBank shares in Japan.

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