Alibaba’s singles day: Does it signal consumer strength?

CHINA ADVISORY - Report 15 Nov 2019 by Andrew Collier

Alibaba’s annual "singles day" is the largest day of online sales of goods in the world. It is viewed by some economists as a bellwether for the strength of the consumer sector in China. This, in turn, has ramifications for rebalancing of the economy from industrial production to the service sector. However, we caution that China’s singles day, with its focus on online sales, may not be a relevant indicator of consumer strength. We also analyze the underlying strength of Chinese consumption, which may be weaker than the data would suggest.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.