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Singles Day 2024 Kicks Off Early Amid China’s Economic Challenges

China’s largest shopping festival, Singles Day, has launched unusually early this year as retailers seek to boost consumer spending. The extended sales period comes amid ongoing economic challenges including youth unemployment and property market concerns.

Early Start for China’s Premier Shopping Event

China’s largest online shopping extravaganza, Singles’ Day, has commenced approximately five weeks ahead of its traditional November 11 date, according to retail industry reports. The unusually early launch represents a strategic shift by merchants in China attempting to stimulate consumer activity during ongoing economic uncertainty.