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Excerpted Article from
Bloomberg Markets

China’s Singles Day set to demonstrate consumer power

What Katy Perry Can Tell Donald Trump About China’s Economy

She’ll headline the November 11 Singles’ Day online shopping bonanza hosted by Chinese e-commerce giant Alibaba. Last year’s event attracted 91.2 billion yuan ($13.5 billion) of sales — more than four times that of Cyber Monday in the U.S.

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