Chinese splurged 769.7 billion yuan this year during Singles’ Day. Photo: Bloomberg Chinese splurged 769.7 billion yuan this year during Singles’ Day. Photo: Bloomberg
Chinese splurged 769.7 billion yuan this year during Singles’ Day. Photo: Bloomberg
China economy

China Singles’ Day: do record sales really show a rebound in consumer spending?

  • Analysts are split over whether this year’s record Singles’ Day shopping spree represents a rebound in consumption in China
  • Many economists say the surge in spending does not alter the overall trend of subdued consumer spending growth in the country

Topic |   China economy
Chinese splurged 769.7 billion yuan this year during Singles’ Day. Photo: Bloomberg Chinese splurged 769.7 billion yuan this year during Singles’ Day. Photo: Bloomberg
Chinese splurged 769.7 billion yuan this year during Singles’ Day. Photo: Bloomberg
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