China Bets on Tech to Recover from Real Estate Woes, Impresses Mobius with EV Push and Savvy Workforce
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China plans to invest in its tech industry to help recover from the real estate crisis, according to Mark Mobius.
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Mobius was impressed by China's push into electric vehicles, with over 200 manufacturers producing 27 million EVs last year.
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Shenzhen's electronics district has skilled technicians that can repair devices like MacBooks cheaply and quickly.
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Tourism and hospitality infrastructure in China has developed rapidly, with amenities like on-demand car rentals.
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Hotels in places like Sanya are impressive, with low prices despite amenities comparable to global chains.