China’s economy is facing major challenges, but there are glimmers of hope. 📉 The once-glorious real estate market has tanked, wiping out $18 trillion in wealth since 2021. But blockchain and crypto offer innovative solutions. Blockchain can speed up property transactions and increase financial transparency, while DeFi enables bankless transactions.
Digital banks like WeBank and MYbank are also playing a key role. Using cutting-edge technology, they help small businesses survive with quick valuations and low risk. 🚀 Despite the challenges, these innovations could be key to China’s economic revival.