ECONOMY

Caixin Summit: Ex-ADB Chief Urges Caution on Industrial Policy in AI Era

Published: Nov. 13, 2025 7:36 p.m. GMT+8

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Takehiko Nakao. Photo: Caixin

Governments should be cautious when crafting industrial policies to navigate the high-stakes competition in technology and artificial intelligence (AI), a former president of the Asian Development Bank (ADB) said.

Speaking at the 16th Caixin Summit Thursday, Takehiko Nakao, now chairman of the institute at Mizuho Research & Technologies Ltd., said that in the era of AI, policies must carefully weigh the efficiency gains from new technologies against potential negative impacts, such as privacy risks and the spread of misinformation.

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Explore the story in 30 seconds

Governments should be cautious with industrial policies in technology and AI, balancing benefits with risks like privacy and misinformation.
Developed countries are increasingly using industrial policies, which can foster innovation but risk market distortions and harming global trade.
Takehiko Nakao highlights risks of China’s export-driven growth and stresses the importance of boosting domestic household consumption.

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Who’s Who

Mizuho Research & Technologies Ltd.: Mizuho Research & Technologies Ltd. is an institute where Takehiko Nakao, former president of the Asian Development Bank (ADB), currently serves as chairman. Nakao spoke at the 16th Caixin Summit, discussing the need for governments to be cautious with industrial policies in the face of technology and AI competition.

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