China’s 618 shopping festival growth slows sharply as consumer spending malaise persists
Citizens gather to purchase and scratch instant lottery tickets at a lottery ticket booth on June 21, 2026 in Guangzhou, Guangdong Province of China. Vcg | Visual China Group | Getty Images BEIJING — China's…
Citizens gather to purchase and scratch instant lottery tickets at a lottery ticket booth on June 21, 2026 in Guangzhou, Guangdong Province of China. Vcg | Visual China Group | Getty Images BEIJING — China's consumer spending slowdown persisted in June, with growth during one of the country's largest online shopping festivals weakening sharply from a year earlier. Total online sales during the annual "618" shopping event from May 13 to June 18 grew by 4% from a year earlier, a sharp drop from the…
