>The software market in China is imploding and we will also see budget adjustments to move away from consultants and move them into AI Token budgets. We probably reached peak software development.

I've always heard that there was always an overproduction of STEM in China and thus companies always wrote stuff in house instead of relying on SASS. Do you have any more info on this implosion of the software market? I have heard that there is 25% youth unemployment there but thats across all sectors. I wish there was someone providing more concrete examples of how China is using AI. All I keep hearing is they are pragmatically applying it across all sectors but I don't see what in particular they are doing.