Declining Enthusiasm for China's Singles' Day Amid Economic Struggles

Reported 30 days ago

China's Singles' Day shopping festival on November 11 has seen diminished excitement as consumers are hesitant to spend amidst ongoing economic challenges. E-commerce platforms initially created to boost sales are now facing skepticism from consumers regarding promotional prices, leading to lower spending compared to previous years. Analysts suggest that a sluggish economy and reduced consumer confidence have contributed to the decline in growth for this once highly-anticipated shopping event.

Source: YAHOO

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