The China Mail - China's 'Singles Day' shopping fest loses its shine for weary consumers

USD -
AED 3.6725
AFN 65.999855
ALL 79.791817
AMD 363.797731
ANG 1.789783
AOA 917.000303
ARS 1495.000796
AUD 1.413258
AWG 1.8
AZN 1.713757
BAM 1.685279
BBD 2.014312
BDT 122.212456
BGN 1.696366
BHD 0.37715
BIF 2989.310964
BMD 1
BND 1.276583
BOB 11.555778
BRL 5.203896
BSD 1.000134
BTN 95.716237
BWP 13.507738
BYN 3.041998
BYR 19600
BZD 2.011383
CAD 1.387295
CDF 2269.999589
CHF 0.81016
CLF 0.02353
CLP 926.070179
CNY 6.743302
CNH 6.73971
COP 3104.87
CRC 447.54835
CUC 1
CUP 26.5
CVE 95.012214
CZK 20.82155
DJF 178.088743
DKK 6.44197
DOP 58.758143
DZD 132.884026
EGP 50.700201
ERN 15
ETB 163.359111
EUR 0.861702
FJD 2.208952
FKP 0.738395
GBP 0.737695
GEL 2.605015
GGP 0.738395
GHS 11.125807
GIP 0.738395
GMD 74.000063
GNF 8787.326535
GTQ 7.631759
GYD 209.237901
HKD 7.841675
HNL 26.815849
HRK 6.4933
HTG 130.81205
HUF 314.09899
IDR 17832.55
ILS 2.98725
IMP 0.738395
INR 95.69735
IQD 1310.188536
IRR 1374575.000157
ISK 122.53065
JEP 0.738395
JMD 158.032606
JOD 0.708984
JPY 159.088982
KES 129.490079
KGS 87.450263
KHR 4043.876883
KMF 426.000497
KPW 900.000294
KRW 1391.209772
KWD 0.30859
KYD 0.83342
KZT 461.963991
LAK 22523.038745
LBP 89559.04338
LKR 330.989556
LRD 181.522076
LSL 16.249004
LTL 2.95274
LVL 0.60489
LYD 6.365168
MAD 9.273223
MDL 17.247441
MGA 4310.043988
MKD 53.019336
MMK 2099.245957
MNT 3597.150887
MOP 8.077223
MRU 40.013098
MUR 46.979735
MVR 15.460291
MWK 1734.185232
MXN 17.036499
MYR 4.057696
MZN 63.905014
NAD 16.249004
NGN 1351.049858
NIO 36.801675
NOK 9.40135
NPR 153.14945
NZD 1.700725
OMR 0.384502
PAB 1.000134
PEN 3.367814
PGK 4.429853
PHP 61.823
PKR 277.559111
PLN 3.72623
PYG 6016.268569
QAR 3.64621
RON 4.521012
RSD 101.154979
RUB 85.000043
RWF 1473.649743
SAR 3.756199
SBD 8.025811
SCR 13.723978
SDG 601.501907
SEK 9.511695
SGD 1.276215
SHP 0.740866
SLE 24.649693
SLL 20969.499227
SOS 571.546744
SRD 37.966971
STD 20697.981008
STN 21.110771
SVC 8.751136
SYP 13001.999906
SZL 16.253711
THB 33.067034
TJS 9.225924
TMT 3.5
TND 2.923
TOP 2.40776
TRY 47.937402
TTD 6.783882
TWD 31.953299
TZS 2647.725996
UAH 44.716187
UGX 3730.144027
UYU 40.085479
UZS 11801.606177
VES 771.57685
VND 26180.5
VUV 118.215486
WST 2.715898
XAF 565.226795
XAG 0.015695
XAU 0.000229
XCD 2.70255
XCG 1.802445
XDR 0.707052
XOF 565.219489
XPF 102.764278
YER 237.102795
ZAR 16.24423
ZMK 9001.200857
ZMW 18.726547
ZWL 321.999592
  • RBGPF

    0.3500

    69

    +0.51%

  • CMSD

    -0.0900

    21.09

    -0.43%

  • RYCEF

    -0.2500

    20.81

    -1.2%

  • JRI

    -0.0400

    12.44

    -0.32%

  • CMSC

    -0.1200

    21.24

    -0.56%

  • BCC

    -1.7600

    80.18

    -2.2%

  • GSK

    0.8700

    51.15

    +1.7%

  • RIO

    -0.5200

    96.69

    -0.54%

  • BP

    0.5600

    43.41

    +1.29%

  • BCE

    0.0100

    23.36

    +0.04%

  • BTI

    0.6500

    56.38

    +1.15%

  • NGG

    0.8600

    82.15

    +1.05%

  • AZN

    3.2100

    160.1

    +2%

  • RELX

    0.9500

    34.51

    +2.75%

  • VOD

    -0.0700

    16.13

    -0.43%

China's 'Singles Day' shopping fest loses its shine for weary consumers
China's 'Singles Day' shopping fest loses its shine for weary consumers / Photo: © AFP

China's 'Singles Day' shopping fest loses its shine for weary consumers

Chinese shoppers worried about the economy and overwhelmed by near-constant retail promotions are growing weary of the annual "Singles Day" sales bonanza, a discouraging sign as the government tries to boost consumption.

Text size:

"Singles Day" -- named for its 11/11 date and first launched by tech giant Alibaba in 2009 -- has ballooned into a month-long promotional period for e-commerce platforms.

The shopping spree was once an annual opportunity for Alibaba and major rival JD.com to announce new purchase records, but they have withheld detailed sales totals in recent years.

"The discounts aren't as attractive now," said 29-year-old Shanghai resident Zhang Jing, who told AFP she bought "nothing" during this year's sales.

Zhang said she was discouraged by online platforms' increasingly complex promotions, which often require shoppers to claim multiple coupons or combine purchases in a specific order before they can enjoy a discount.

"I've never participated in these complicated rules, not once," she said.

Shi Xuebin, the 42-year-old owner of a clothing boutique, said she bought a new iPhone 17, but only because "I wanted to buy a new phone in the first place".

She told AFP she had bought far fewer Singles Day products compared to last year and that she had noticed a belt-tightening trend among Chinese consumers.

- 'Downgrading consumption' -

"I feel the general economy hasn't been great this year and people are avoiding buying things that aren't absolutely necessary," Shi said.

"Before, if you liked something, you'd buy it without much thought... but now, there's a real sense of downgrading consumption."

China's leaders have fought to overcome sluggish domestic spending, a protracted crisis in the property sector and a trade war with the United States.

The Communist Party's top brass vowed to "vigorously boost consumption" after a key planning meeting in Beijing last month.

Consumer prices have been stagnant or in decline in recent months, although they rose in October after a weeklong national holiday boosted demand for travel and food.

Zhu, a 30-year-old Shanghai resident who declined to give his full name, said his mother had taken advantage of November sales to stock up on household products such as laundry detergent and toilet paper.

However, outside daily necessities, Zhu said he mostly shopped second-hand instead of buying new versions of the tools and books he needed for his calligraphy hobby.

"We're pretty practical -- if I need something I will buy it but if I don't need it, I just won't get it no matter how cheap it is," he told AFP.

G.Fung--ThChM