The Experience Trade: what China buys when it stops buying things

Before today’s post — a quick note. Applications are open for the 2026 Autumn Baiguan China Tour, a month-long “marathon” of modular expeditions across October and November: Robotics & AI in Beijing, advanced manufacturing from Foshan to Shenzhen, the next energy cycle across Shanghai–Suzhou–Hangzhou, and premium consumption in Shanghai — plus weekend immersions in Datong, Yiwu and Nanjing.

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