{"id":11327,"date":"2025-11-30T07:47:02","date_gmt":"2025-11-30T07:47:02","guid":{"rendered":"https:\/\/fill-package.com\/?p=11327"},"modified":"2026-03-14T02:26:28","modified_gmt":"2026-03-14T02:26:28","slug":"china-economic-shift","status":"publish","type":"post","link":"https:\/\/fill-package.com\/ru\/china-economic-shift\/","title":{"rendered":"\u042d\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0430\u044f \u0442\u0440\u0430\u043d\u0441\u0444\u043e\u0440\u043c\u0430\u0446\u0438\u044f \u041a\u0438\u0442\u0430\u044f: \u043a\u0440\u0438\u0437\u0438\u0441 \u0438\u043b\u0438 \u0432\u043e\u0437\u043c\u043e\u0436\u043d\u043e\u0441\u0442\u044c?"},"content":{"rendered":"
\n

Introduction: The “Recession” We Keep Hearing About<\/span><\/span><\/h3>\n<\/div>\n
\n
Over the past year or two, whether at social gatherings or industry conferences, conversations about the economy have been overwhelmingly pessimistic:<\/span><\/span><\/div>\n<\/div>\n
\n
“The economy is failing.”
\n<\/span>“Physical retail is dying\u2014stores are closing everywhere.”
\n<\/span>“Manufacturing is brutal\u2014price wars are crushing both owners and workers.”
\n<\/span>“Consumption is downgrading\u2014luxury goods aren’t selling, but Pinduoduo is booming.”
\n<\/span>“The real estate bubble has burst, and related industries are collapsing.”<\/span><\/strong><\/div>\n
<\/div>\n<\/div>\n
\n
These voices are real and heavy. Once-glorious e-commerce towers in Hangzhou now sit largely vacant. Internet celebrity brands are withdrawing from the market. Products are getting cheaper, money is harder to earn, and business is tougher than ever.<\/span><\/span><\/div>\n<\/div>\n
\n
So, is China’s economy really failing?<\/span><\/em><\/div>\n<\/div>\n
\n

\"economic<\/p>\n

\n
<\/div>\n<\/div>\n
<\/div>\n<\/div>\n
\n

Part 1: The Paradox Between Data and Perception<\/span><\/span><\/h3>\n<\/div>\n
\n

The Data Shows: Consumption Is Still Growing Steadily<\/span><\/span><\/h4>\n<\/div>\n
\n
According to China’s National Bureau of Statistics:<\/span><\/span><\/div>\n<\/div>\n
\n