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China’s Singles' Day shopping festival struggles to shake off weak consumer spending

China’s Singles' Day shopping festival struggles to shake off weak consumer spending
Photo: KSAT 12 (ABC affiliate) · view original

Early signs suggest China ’s biggest online shopping event is struggling to persuade anxious consumers to spend more, despite discounts. The Singles’ Day festival, a major discount campaign comparable to Black Friday and Cyber Monday in the U.S., centers on Nov. 11. But it begins weeks earlier an...

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