Commemorative
Traded ValueAs a unique barometer of China's economic activity, the annual sales of baijiu have dropped from over 13 million tons in 2016 to just over 300 tons in 2025, only a quarter of its peak.
This partly explains why, despite a 5% annual GDP growth, the current situation is severe deflation, and people's lives are getting harder—because the GDP is more watered down than baijiu.
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