China’s Singles’ Day Sales Highlight Weak Consumer Demand, Banco Carregosa Says

• China’s Singles’ Day promotions struggled to lift consumption; sales through October 31 barely exceeded CNY 1 trillion, broadly unchanged from last year.
• Retail sales rose just 1.1% in the first nine months, while export-led economic growth reached 4.6%.
• Housing prices have fallen about 20% or more from their 2021 peak, undermining household wealth perceptions and consumer confidence.
• Alibaba integrated its Qwen AI model into Taobao and Tmall to simplify ordering and personalize recommendations as discount fatigue weighs on shoppers.
• Exports surged 35% in October, led by technology products, reducing pressure on policymakers to strengthen consumer stimulus, economist Max Zenglein said.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banco LJ Carregosa SA published the original content used to generate this news brief on November 11, 2026, and is solely responsible for the information contained therein.