According to Maslow's needs model, most Chinese people can't be counted as consumption needs. This is the most basic survival needs, the production of products consumer groups mainly rely on a large number of middle and lower class, China's capital does not have the stock market as a reservoir, the middle class want to financial value-added funds, all run above the real estate. As a result, the middle and lower classes are bound by the loan, resulting in China's domestic demand is insufficient, consumption downturn, Pinduoduo fire, the original factories want to stabilize the production line, we have to fight the price, industry and trade as a whole more and more. When Pinduoduo burst into flames, it represents when the economy began to make a sharp turn. As for the reason why manufacturers desperately fight the price war is that, as Russia said, Russia is almost non-existent, I put a nuclear bomb what's wrong. https://threadreaderapp.com/thread/1793244886722117684.html