3. 品牌出海与合规红利： 传统的“铺货型”卖家生存空间被严重压缩，而具备品牌基因、高品质产品（如美容电器、母婴用品、办公电子）且能够灵活响应市场需求的“小单快反”型卖家，正获得更高的利润率和平台流量倾斜 [18, 41]。
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These debt-funded projects create “indirect but potentially material” exposure to fiscal risk, the analysts wrote. Beyond infrastructure, governments will have to plan for labor disruptions and related social support. The IMF estimates 40% of global jobs—and 60% in advanced economies—are exposed to AI, particularly high-skill roles, potentially eroding payroll taxes while spiking demand for reskilling and safety nets.