In China, the Shopping Festival 618 experienced its first drop in sales in eight years. At first glance, this could be seen as a normal consequence of the crisis. But those who study China and know it well, point out that the country has (also) entered a historically repressive phase with regard to wealth. Especially…
Not the crisis only: here’s why Festival 618 went wrong in China
![Not the crisis only: here's why Festival 618 went wrong in China](https://ehj4gaypy53.exactdn.com/wp-content/uploads/2024/06/Sandy-Xu-885x414.jpg?strip=all&lossy=1&sharp=1&ssl=1)