The Singles’ Day shopping festival loses its shine under China’s lagging economy
- The Singles’ Day shopping festival reported less consumer excitement due to China’s lagging economy as e-commerce firms explore international markets.
- Experts note that Beijing's stimulus measures have not effectively boosted consumer confidence amidst lower annual growth rates.
- Merchants express concern that high advertising costs outweigh benefits from participation in the festival due to disappointing sales.
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Coverage Details
Total News Sources0
Leaning Left10Leaning Right3Center11Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
45% Center
L 42%
C 45%
13%
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