Chinas biggest online shopping festival is struggling to spur consumer spending as cautious shoppers hold back despite steep discounts. With confidence weighed down by a prolonged property downturn and sluggish income growth, consumers are becoming more selective about their purchases. Retailers are increasingly turning to AI-powered shopping tools and health-focused products to attract buyers as spending habits shift.
#china #shopping #news
(AP video: Wayne Zhang and Wu Jia)
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Chinas biggest online shopping festival is struggling to spur consumer spending as cautious shoppers hold back despite steep discounts. With confidence weighed down by a prolonged property downturn and sluggish income growth, consumers are becoming more selective about their purchases. Retailers are increasingly turning to AI-powered shopping tools and health-focused products to attract buyers as spending habits shift. #china #shopping #news (AP video: Wayne Zhang and Wu Jia) Subscribe: http://smarturl.it/AssociatedPress Read more: https://apnews.com This video may be available for archive licensing via https://newsroom.ap.org/home