first, the real estate industry and its related manufacturing industries, such as Liu Jiancai, doors and windows, household hardware, whole house customization and other industries, as well as home appliances such as air conditioners, refrigerators and range hoods.

second, luxury brands, the main recession is the middle class, which has little impact on the rich and the poor. The main customer group of luxury brands is the middle class. When the economy is in recession, the middle class loses its consumption power, starts to downgrade its consumption, and is no longer willing to pay the brand premium for these luxury brands, so the luxury brands will decline with the decline of the middle class.

Third, non-essential services such as beauty salons plus justice, catering, training and other service industries, the real profits of these industries are generally large, not the industries with low customer price like haircuts, but some non-essential services, so these service industries will not be too easy in the economic recession, not to mention tourism.

Global economic governance and development

Fourth, all kinds of production equipment, because when the incremental market disappears and the stock game becomes stronger, the elimination rate of participants in all kinds of markets will also increase, and the competitors of equipment manufacturers will also change from other manufacturers to the second-hand market. After all, they are used a lot. A machine that is 91% new in a year or so may cost only half as much in the second-hand market.

finally, all kinds of middlemen and dealers. In the incremental era, brands hope to rely on the local potential of dealers to help them open the market quickly, so they will give dealers enough profit space. However, in the stock era, in order to stabilize their own income, brands will face consumers online and form a competitive pattern with dealers. The times have passed, and there will be no big dealers and direct experience stores in the future. It is king to place an order with an online shop. It may be a little frustrating to see this. Is it true that nothing can be done during the recession? Actually, it is not. When the economy is in recession, there are still some businesses that can live very well, such as specialized and special industries that are strongly supported by the state. If other industries want to live well, they must seize two hooks, which are linked to consumption degradation and anxiety relief!