AI Concentration Seen Deepening China’s Urban Divide (opens in new tab)

Nomura's chief China economist Lu Ting warned that artificial intelligence development, heavily concentrated in a handful of major cities, will worsen the "K-shaped" divergence already emerging between China's largest cities and smaller ones amid a prolonged property downturn. Speaking at a media briefing, Lu noted that while AI is driving K-shaped economic divergence globally—benefiting capital…