China's Singles Day sales could top 1 trillion yuan even as the economy cools | CNN Business

China’s Singles Day, the world’s biggest annual shopping event, is known for regularly smashing sales records. This year’s bonanza, which wraps up on Friday and is led by internet titans Alibaba\n \n and JD.com\n \n , will likely be no exception: Analysts expect it to rack up 1 trillion yuan in sales for the first time. Singles Day usually eclipses two of the world’s most popular sales events — Black Friday and Cyber Monday — combined.

“Given China’s weak retail sales this year, declining consumer confidence, unrelenting zero-Covid policy, and the uncertain macroeconomic environment, 11.11 festival growth could slow, as consumers are more cautious about making discretionary purchases,” Weinswig told CNN Business. “Additionally, increasing government regulation of the tech and live-streaming industries could hurt sales growth this year.

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CHINA IS FULL OF LIBERALS

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CNN reporter shows what consumer price growth means for inflation | CNN BusinessInflation cools much more than expected in October. RahelSolomonCNN breaks down the latest numbers from the Consumer Price Index and addresses the layoffs at tech companies like Twitter and Meta. Watch: RahelSolomonCNN This is good news. Kindly help Nigeria to fix our economy. May God put you through. RahelSolomonCNN You say 'cools' the Bureau of Labor Statistics says still rising. Rising at a slower rate is not improvement, it's just Democrats screwing us slower
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Fred Hickman, who helped launch CNN Sports and YES Network, dead at 66 | CNN BusinessFred Hickman, a pioneering sports broadcaster and anchor who helped to launch two major cable networks and influenced and informed a generation of sports journalists and fans, has died. He was 66. KitchenTableRpt 🙏 MaryAnnAhernNBC If I remember correctly, he came up with “Big Fly” to describe a home run. Adidas and Nike burn in hell 🔥
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