Economic Watch: Shifting trends behind China`s record shopping spree
(WorldNews Business)

BEIJING, Nov. 17 (Xinhua) -- China`s annual shopping spree festival unsurprisingly saw a string of records, while behind these numbers underlie the country`s shifting economic trends. E-commerce giant Alibaba said sales on its online shopping platforms reached a record 268.4 billion yuan (about 38.28 billion U.S. dollars) on Nov. 11, or Singles` Day, marking a year-on-year growth of about 25.7 percent. JD.com hit 204.4 billion yuan from Nov. 1 to 11, and Suning`s order volume increased by 76 percent year on year during that day. GOING ONLINE The annual shopping spree has...