Prof. Yanhui Wu, Professor of Economics and of Management and Strategy at HKU Business School, and his co-authors tracked 26,811 secondary school pupils over 30 months. AI lifted homework scores by 18%, yet cut exam scores by 20%.
This year, China's economy exhibited an intriguing "scissors gap": in the first seven months, value-added industrial output of enterprises above designated size grew by 5.3%, and exports rose by 14%. During the same period, total retail sales of consumer goods registered a minor increase of only 1.2%, while fixed asset investment fell by 6.7%.