China's 618 shopping festival growth slows sharply as consumer spending malaise persists

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Source: CNBC
Published: 2026-06-23 13:19 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Culture & Entertainment, Asia, China, Tax & Budget, Asia Pacific
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Snippet:
BEIJING — China's consumer spending slowdown persisted in June, with growth during one of the country's largest online shopping festivals weakening sharply from a year earlier.
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