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Related suggestion: China’s ‘Double 11’ shopping spree sees ‘record figures’ as consumption recovers
[World Times] Staff members sort and unload packages at a big logistics company in Lianyungang, East China’s Jiangsu Province on October 19, 2023. Multiple local express companies have been stepping up efforts to prepare for the upcoming Double 11 online shopping carnival to be held on November 11. Photo: cnsphotoAfter the annual “Double 11” shopping festival, said to be the world’s largest, wrapped up at mid-night Saturday, China’s State Post Bureau and some Chinese e-commerce giants reported “record numbers,” while others are reporting “positive growth,” underscoring Chinese consumers’ strong spending power.In its 15th year, the “Double 11” shopping festival, which is also known as Singles Day, has become a reliable barometer of consumer sentiment. While a final tally of sales was not immediately offered and consumer enthusiasm appeared relatively low…
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