Xi Jinping has spoken of the problem directly. In an unusually blunt speech this month, China’s president criticised provincial governments for blindly overinvesting in artificial intelligence, in computing power and in new energy vehicles, industries that Beijing has identified as strategic priorities but which are also at risk of overheating.

I hate it when an authoritarian leader is the only voice I can agree with on a given topic. Fuck him, but he’s right on this one