China’s ‘Singles Day’ shopping bonanza loses its lustre

China's annual "Singles Day" sales bonanza wraps up at midnight on Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world's second-largest economy slows.- Slowing demand –
For the second year running, Singles Day sales should still exceed 1 trillion yuan, said Vincent Marion, co-founder of VO2 Asia Pacific, a consultancy specialising in the digital economy.