China's declining productivity: Factors behind economic slowdown

China's economic slowdown is closely tied to a significant drop in productivity. This downturn is driven by several factors, including a shift toward low-productivity sectors like real estate, demographic challenges, and inefficiencies in research and development. While government policies aimed at fostering innovation and technological advancement are in place, China faces an uphill battle in reversing the productivity decline, with experts questioning whether these measures can spark the growth needed for sustained prosperity.