China’s AI-led transformation is taking shape. Why are some economists urging caution?

As AI becomes an increasingly important part of China’s economic transformation, economists and industry leaders are raising concerns about two potential risks: inflated valuations for humanoid robotics companies and the technology widening the wealth gap between rich and poor. Daniel Zhang, managing partner of FirstLight Capital and former chairman and CEO of Alibaba Group Holding, said the sharp fall in some Chinese humanoid robotics stocks reflected expectations that had become...