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

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…

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