Online economy booming in china
China’s latest five-year economic plan, details of which emerged this week, outlines a goal of “a more sustainable and balanced way of development”, with annual growth targets of at least 6.5%.
Not everyone is impressed with the furore around Singles’ Day. In an interview with the Qingdao Morning Post, one man lamented how in recent years his wife had frittered away 130,000 yuan (£13,500) of their hard-earned savings on Double Eleven purchases – thus dashing their dreams of buying a new home. As millions of shoppers prepared to click their way to consumer happiness, the man, named only as Mr Cao, was left with nothing but bitterness and regret. “Our plan didn’t work out because my wife overspent online,” he complained.
- annual growth targets of at least 6.5%.
- frittered away 130,000 yuan (£13,500) of their hard-earned savings on Double Eleven purchases
- click their way to consumer happiness
- overspent online
This comes to show the uses of new and digital media. people are able to purchase with just a click, however this article focuses on the negative issues associated with online purchases. it can have positive influences eg, women in china not given that much independence therefore this is a way of the getting what they need making it more convenient for them.
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