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HANGZHOU, CHINA - MARCH 16: Signs of ERNIE Bot and Baidu are seen on screens on March 16, 2023 in Hangzhou, Zhejiang Province of China. ERNIE Bot, a chatbot regarded as Chinese ChatGPT, is officially launched on March 16. PUBLICATIONxINxGERxSUIxAUTxHUNxONLY Copyright: xVCGx VCG111427482285

Why China's AI dreams are crumbling

The hype surrounding ChatGPT has also reached Chinese companies. But the AI language models from Alibaba and Baidu disappoint across the board. They are said to be up to three years behind US competitors. The reason: China has hardly any access to powerful chips due to the US technology embargo.

By Jörn Petring

TM_China_Bewertung Geschaefte_EN

Mechanical engineering sees slowing demand

German mechanical engineering companies in China are increasingly pessimistic. After the lifting of all Covid restrictions, access to raw materials has improved, but new orders are scarce. The latest survey by the German Mechanical Engineering Industry Association (VDMA) reveals lower capacity utilization.

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