I just asked ChatGPT to make up a Chinese word for hungry+angry. It came up with a completely novel word that actually sounds okay: 饥怒. It then explained to me how it came up with the word.

You can't claim that that isn't understanding. It just strikes me that we've moved the goalposts into every more esoteric corners: sure, ChatGPT seems like it can have a real conversation, but can it do X extremely difficult task that I just thought up?