A slowing economy meets a fast future

This report from CNBC newsletter in CNBC for this week, which brings you visions and analyzes about what leads the second largest economy in the world. Every week, we will explore the largest business stories in China, and make a decrease in market movements and help you prepare for the next week. Like what you see? You can subscribe here.

An example of this: The honor of the Chinese smartphone company for CNBC, the latest version of the version on Wednesday will be the thinnest phone in the market so far 8.8 mm when it folds – Under the thickness of rumors for Samsung Foldable foldable – thanks to the great artificial intelligence manufacturing tools.

Hurm said that she found the perfect mix of thinness and strength using the “Teacher Industrial Model of 1 billion” to simulate more than 125,000 options for assembling devices. The company said that the three -dimensional survey, which works with the artificial intelligence system, allowed it to control the accuracy of 0.003 millimeters, or about 1/20 of human hair.

In all, this is a 1.1 millimeter chip of the first foldable, launched in July 2023, when Honor made waves in the smart phone market with a device Folded to be thin like iPhone.

But it was also two summer when I remember that a lot of economic excitement after the attendance was fading in China.

The conversations turned from the celebration of the end of the lock to dull consumption. Pessimism also created a challenge in the local market of Honor’s Foldables, which usually begins with more than $ 1,000 each.

If we look back, honor is not the only main Chinese company that has made steps over the past two years. Xiaomi smartphone company Xiaomi has I fired two electric cars For competition directly with Tesla. Deepseek was officially registered as a company in July 2023, according to the records, before the launch of its AI model in January this year.

The spread of artificial intelligence also began to penetrate the “least glamorous” parts of the Chinese economy.

In July 2023Huawei launched a dedicated model of commercial mining intelligence with Yunding Technology and Shandong Energy Group. Form, based on Founding “Pangu” FormThe workers were allowed to run a distance mining equipment from an office and develop other technical solutions more quickly.

Fast forward until 2025, and it was artificial intelligence technology Integrated in more than 100 mineAccording to the annual report of Huwaiwi issued in March. In May, the company’s agent was launched in the inner Mongolia 100 self -driving electric trucks For a local coal mine.

Huawei revealed last month a new version, 5.5 of the Pangu Foundation model, and on Monday, it was released An open source version for developers.

Foreign companies also motivate technological innovation on the mainland, such as the German industrial Siemens.

Beri Corte, chief technology in the company, said last week during the World Economic Forum in Tianjin, among 18 products of AI-Integravation that was just launched, 16 in China were developed in only nine months. He described applications such as energy saving systems with artificial intelligence materials for buildings.

These technological breakthroughs are a result of years or months of painstaking development, but only recently, companies reappear.

Janet Tang, a Hongpartners -based administrative partner, told me last week on the sidelines of the conference in Tianjin: “Artificial intelligence turns from isolated technological innovation into something essential or guaranteed in the entire business process.”

It stated that the important integration of the Agency is artificial intelligence with commercial operations about 12 months ago, after the experience and the widespread error during the past few years.

Entittenually emerging reality glasses, Xreal invested at its own factory in Wuxi in the southeast “Tier 2” and announced earlier this year a A new glasses product operating XR from Google OS.

The company also moves its headquarters from Beijing to Shanghai this summer to be closer to its Wuxi factories that make visual parts and other components. CEO and founder Che Show told me on the sidelines of the World Economic Forum event in Tianjin last week.

Shaw hopes that his products will reach consumers by the end of this year, noting that the United States remains the highest X -ray market.

“I admire the level of energy, hard work and openness to institutions here in China,” said Alexbersers. Despite the protective challenges or other challenges, “everyone is still very excited, and they are eager to learn new things and communicate with the rest of the world.”

the CSI 300 Index, which tracks 300 stocks circulated on the Shanghai Stock Exchange and closed the Shenzhen Stock Exchange, an apartment at 3943.68, while Hong Kong Hang Singh Fahress – Which includes major Chinese companies – gained 0.62 %. Data from LSEG showed that the main righteous standard increases by 0.22 % so far.

– Lee Ying Chan