These debt-funded projects create “indirect but potentially material” exposure to fiscal risk, the analysts wrote. Beyond infrastructure, governments will have to plan for labor disruptions and related social support. The IMF estimates 40% of global jobs—and 60% in advanced economies—are exposed to AI, particularly high-skill roles, potentially eroding payroll taxes while spiking demand for reskilling and safety nets.
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但需要冷静区分的是，报名人数不等于盈利能力，春节订单增速也不等于全年常态。节庆节点本身具有需求放大效应，而城市合伙人作为“本地服务节点”，在订单分发与流量供给上高度依赖平台规则。一旦订单密度、价格水平或分发机制发生变化，地方节点的收益结构可能随之波动。