China's property market is failing. These are the 3 new growth areas Beijing is focusing on to pull itself out of a tailspin.

• China's economy has been struggling to recover post-pandemic, and its real-estate crisis isn't helping.
• President Xi Jinping's administration is now looking at other industries for growth.
• The green industries of EVs, batteries, and solar cells are a key new area of growth for China.

China's real-estate sector has been mired in a debt crisis for over two years with no signs of a strong recovery. One analyst estimates the country could feel its impact for up to a decade.