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Commentary: What 11.11 Singles' Day sales no longer say about China’s economy

1 month ago 72

Commentary

Domestic consumption has become a focal point of China’s efforts to boost its slowing economy, but the iconic online shopping festival has lost its allure, says Li Jianggan of Momentum Works.

The logo of Alibaba Group is seen during Alibaba Group's 11.11 Singles' Day global shopping festival at the company's headquarters in Hangzhou, Zhejiang province, China, Nov 10, 2019. (Photo: Reuters/Aly Song)

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SINGAPORE: On Nov 12, 2020, amid the chaos of a contentious United States presidential election and a global pandemic, J...

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