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Using the definition "fairy tale" based on J. R. R. Tolkien's essay: "On Fairy-Stories" (which I absolutely suggest you to read), this fable is a plausible, the kind of "once upon a time" story with real characters, at least for the first half. It uses, however, certain licenses in some matters, but I think they will do nothing but to glamorize the product. As for the story, it's a simple one but, it does remark the worldwide changes in literature and myth as we percieve them. Really hoping you to enjoy.
(The symbolism of the bear and the child is made on purpose)