China’s ‘Singles Day’ shopping spree in spotlight as spending flags

China’s ‘Singles Day’ shopping spree in spotlight as spending flags …C0NTINUE READING HERE >>>

The Singles Day online sales promotion comes after China recently unveiled a raft of measures aimed at boosting consumption.
Photo: Hector RETAMAL / AFP
Source: AFP

China’s largest online shopping bonanza wraps up on Monday, 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…

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