China’s K-Shaped Economy & AI Ambitions

China’s annual GDP growth goal is set at a low level that still might not be attainable, William reports. China has a two-speed economy: Exports are growing like gangbusters, while domestic growth is languishing. Insecure consumers, collectively gripping $22 trillion in savings, won’t spend more freely without greater social safety nets—which are notably absent from President Xi’s AI-focused economic plan. And the impacts of war may jeopardize even China’s powerful export growth engine. … Also: Investors are dubious that China’s massive AI investments will bear the promised profits. And something’s inherently off with China’s AI ambitions in the first place: How can AI creativity flourish amid ideological clamps on the free cross-border flow of information?