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Double 11 sales kick off with stimulus moves to stabilize economy, expand demand

China’s Double 11 sales festival, the world’s largest shopping carnival, has gotten off to a good start, signifying upbeat consumption sentiment thanks to the nation’s stimulus measures to stabilize the economy and expand demand, industry observers said.
Zhang Yi National Bureau Of Statistics Media Research Institute Global Times National Bureau Ouble 11 Sales

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China's internet addiction regulation for minors could hit Big Tech over time

China’s latest regulation to further tighten internet use by minors, which takes effect on Jan 1, 2024, is expected to have a limited impact on Big Tech firms in the short term but could erode their long-term user base, according to analysts. Chinese legislators passed a comprehensive regulation to curb
Zhang Yi Zhang Shule Tencent Holdings China Internet Network Information Centre China Internet Network Information Big Tech

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