China's Singles' Day sales festival fails to inspire consumers

Quick Summary:

Most merchants and retail analysts expect flat or at best, tepid sales growth.

Beijing outlined stimulus measures in late September to prop up the world’s second-largest economy but many have yet to be detailed, let alone impact consumer confidence in a significant way.

People stand near banners for the Singles’ Day shopping festival at JD.com's headquarters in Beijing.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Growth Platforms People Profit Event Sales Singles’ E-commerce Shopping Festival China’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 08:33:37 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23210031

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 32 minutes ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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Publisher ID: #25

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