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Excerpted Article from
Bloomberg Markets
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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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