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Spenders or thrifters: As Singles’ Day nears, are China’s shoppers about to drop?

“As such, China’s leaders in Beijing, global firms targeting the market and e-commerce giants like Alibaba and major rival Inc are all paying close attention to Singles’ Day for wider signs of consumer strength” reports China’s auto market, the world’s largest, posted its steepest monthly fall in seven years in September and is widely expected to announce another drop for last month.

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