Sheng highlights how the AI-driven "candyfloss economy"—marked by speculative market highs, intangible asset inflation, and debt expansion—is increasingly vulnerable to physical constraints, geopolitical fragmentation, and environmental limits. Sheng argues that sustainable wealth creation requires shifting focus back toward tangible assets, physical productivity, and systemic risk management before speculative bubbles face an inevitable market correction.
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Distinguished Fellow, Asia Global Institute
Room 326-348, Main Building
The University of Hong Kong
Pokfulam, Hong Kong