In China, Trump Masked His Trade Complaints With Chinese Compliments
Compared to his campaign rhetoric, President Donald Trump took a much softer approach with China.
LEARN MOREThink Black Friday Is A Big Deal? You Haven't Seen China's Version
Nov. 11 started out in China as a day to celebrate being single, but now it's become the biggest shopping holiday on the planet.
Think Black Friday Is A Big Deal? You Haven't Seen China's Version
Alibaba
November 12, 2017
Thought Black Friday was the shopping holiday of the year? China has its own version, and sales dwarf Black Friday's and Cyber Monday's combined.
It's officially called the 11.11 Global Shopping Festival. But it's also known as Singles Day because in China, Nov. 11 has informally become a day when bachelors celebrated their bachelorhood.
Chinese e-commerce giant Alibaba turned the non-commercial holiday into a shopping extravaganza in 2009 when it started offering Singles Day deals.
This year, shoppers spent a record $25.3 billion. For context, Black Friday and Cyber Monday's sales last year combined came in at just under $7 billion.
That gap may only widen in the future. Forbes notes five years from now, China's expected to have 210 million more people just in its middle class than the U.S. will have in the entire country.
Some analysts note China's middle class has adopted a "keeping up with the Joneses" approach to shopping. But while the U.S. can look back at a long history of consumerism, Singles Day points to a relatively new trend in China.
2:44
Beijing calls US claims over balloon 'information warfare'
China maintains the balloon was a civilian meteorological airship that was blown off course and that the U.S. "overreacted" by shooting it down.
By Liu Zheng / APChina says it was smeared in Biden's State of the Union speech
China's Foreign Ministry spokesperson Mao Ning called out the U.S. in a briefing following President Joe Biden's State of the Union address.
By Jacquelyn Martin / APPresident Biden defends his decision on China balloon incident
The balloon hovered over several states — including Montana, Missouri and Illinois — before it was brought down on Saturday by a single missile.
By Travis Huffstetler / APTop Stories
2:44
Beijing calls US claims over balloon 'information warfare'
China maintains the balloon was a civilian meteorological airship that was blown off course and that the U.S. "overreacted" by shooting it down.
By Liu Zheng / AP3:37
AI-powered walking sticks could help those who are visually impaired
Researchers say the walking stick is still years away from being available to the public.
By Scripps NewsTyre Nichols documents: Officer never explained stop to him
Emerging reports say the officers who pulled Tyre Nichols from his car never told him why he was being stopped.
By City of Memphis / AP