Singles day is China's biggest shopping festival. Chinese citizens spent $56 billion on shopping this time. Does this signal an economic recovery in China? WION's Palki Sharma brings you an assessment.

Gravitas: Singles day: Chinese spend $56 billion on shopping

Chinese e-commerce giant Alibaba Group Holding Ltd said orders made during its Singles' Day mega-shopping festival had exceeded $56 billion by Wednesday morning, as consumers sought to cash in on a deluge of discounts.

Singles' Day: Alibaba records billions in sales as China shakes off COVID-19

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Gravitas: Singles day: Chinese spend $56 billion on shopping

Singles' Day: Alibaba records billions in sales as China shakes off COVID-19