Chinese state newspaper blasts ‘worship of turnover’

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Image Credits: CNN

A Chinese state-backed newspaper said the focus of China’s Singles’ Day shopping festival should shift from a “traffic and sales war” to one of science and technology. It described the “worship of turnover” as incompatible with China’s new development path.

The newspaper said the event had achieved many years of record breaking sales, but had also given rise to practices such as spam text messaging of users, unfair competition and merchants faking discounts.  By using low prices as a selling point, platforms and merchants were stimulating “low-level” consumption, which was in not in line with China’s goals to achieve high-quality development, it added.

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