As China’s economy lumbers amid property crisis, why hasn’t AI helped pick up the slack?

Unlike the US, artificial intelligence (AI) may not be a panacea for China’s economy amid its deep property crisis, as the technology can further widen the country’s economic bifurcation, an economist said. “AI isn’t boosting China’s economy as much [as it is in the US], and we also have to worry about some of the negative side effects,” said Lu Ting, chief China economist at Nomura, at a media briefing in Beijing on Thursday. Currently, AI drives about half of the US economy