I don’t think it has to do with semantics in German nor in English. It is just that OH choose some very generic terms to redefine and give a specific OH meaning. Just go ahead and pretend they don’t even represent a real word because there really is no connection between the English meaning for “thing”, “channel” and “item” and the OH terms Thing, Channel, and Item (note I and many others always capitalize the OH term to make it clear which we mean.
I’ll try to remember to come back here and drop in a “real” drawing but for now perhaps a quick and dirty asci art diagram can help.
Physical Channel 1 <--> Link <--> Switch Item
Light <--> Binding <--> Thing <--> Channel 2 <--> Link <--> Dimmer Item
Bulb Channel 3 <--> Link <--> Color Item
The physical device is a light bulb. It has a zero or more things you can ask it to do (actuators) and things it will tell you (sensors).
The Binding is software that knows how to interact with the physical device’s API in order to command the actuators and receive the sensor readings. The binding represents each physical device as a Thing in openHAB.
The Thing is a normalized representation of the physical device in openHAB itself. It may have properties you can set or other stuff in it that is specific to the technology being connected to.
Each actuator and sensor that a Thing supports is represented by a Channel. Some Channels can have complicated configuration options (e.g. MQTT) which most of the time they just show what the data type of the Channel is and what it represents.
Channels are connected to Items through Links. The only reason why mentioning Links is worth mentioning at this level is because one can apply Profiles on Links to transform the data coming from the Channel before it gets to the Item and vice versa.
Items are the base concept in openHAB. Almost everything else in OH operates with or on Items. Items are the basic abstraction of actuators and sensors. There is a limited set of types of Items and, for example, a Switch behaves like a Switch no matter what end device it might be connected to or perhaps not connected to anything at all.
And I’ll just mention here that the Semantic Model is an optional way to tag and organize your Items.
Each of these is a layer of abstraction that go from a very specific interface defined by a hardware device’s vendor and a normalized representation that everything in OH knows how to work with. It is these layers of abstraction that make OH able to bridge 350+ different technologies in a way that they can all work together without forcing you, the OH admin, from knowing and understanding the intricacies of each and every technology you want to use.
I imagine I’ve mostly just restated the definitions in @JustinG’s glossary above but can’t stand posting a picture without the text to go with it.
If you are still confused, it might help to ask us some specific questions which might help us clear up specifics.