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Why are Chinese consumers tuning out of annual online shopping festival?

Wealth losses from stocks and property are keeping shoppers away, while retail sales rose just 1.1% in the first three quarters, officials said.

Summary by The Korea Times
Hangzhou bank employee Xiao Na says she has no plan to buy anything during China’s ongoing Singles’ Day shopping festival, the world’s largest onli...

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South China Morning Post broke the news in Hong Kong, Hong Kong on Thursday, November 5, 2026.
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