Economy
In China's Tech City Hangzhou, AI Creates a New Generation of Wealth
In Hangzhou, known as China's 'AI capital,' the rapid accumulation of wealth through artificial intelligence is more visible than anywhere else in the country. The city is witnessing the rise of a new elite, distinct from previous generations in their tastes and preferences. This transformation highlights how AI-driven industries are reshaping social and economic hierarchies in Hangzhou, setting it apart as a center for technological innovation and prosperity in China as of 2026-08-27.
Ozetta summarises; the reporting is the newsroom's