Part 3/9:
In response to these challenges, China is embracing innovation, particularly through the adoption of robotics. Companies like Xiaomi are leading the charge by operating factories entirely devoid of human presence, relying solely on automation. This transition to “dark factories” highlights China’s commitment to leveraging technology as a solution to its economic issues. Historically, the real estate sector contributed around 30-35% to the GDP, but its impact is now waning, dropping to about 20%.