Sluggish domestic consumption is among the top issues now facing policymakers in China. Read more at straitstimes.com.
BEIJING – China’s largest online shopping bonanza wraps up on Nov 11, with analysts and investors watching for signs that consumption is rebounding in the world’s second-largest economy after recent efforts by Beijing to boost activity.
Singles’ Day – launched by tech giant Alibaba in 2009 – has ballooned into an annual blockbuster period for retail, with days of discounts luring customers to the country’s online shopping platforms.
Its name is a riff on the four numbers in the date