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singles day

In the World 12th November 2025

Singles’ Day aims to counteract weak domestic consumption in China: Alibaba extends it to 20 countries

Bankinter | Yesterday marked the biggest online shopping event of the year in China (and the world), known as ‘Singles’ Day’ (11.11). Launched in 2009 by Alibaba as a promotional event, it has grown in duration over the years. In 2025, it began on 9 October (JD.com) and 11 October (Alibaba), the earliest start in its history, resulting in a duration of five weeks compared to 28 days in 2024…

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China EEUU choque 1

In the World 30th October 2025

US to reduce general tariff on China to 47% in exchange for purchase of US soybeans and suspension of restrictions on rare earths

Bankinter | Trade agreement reached. The United States will reduce its general tariff on China from 57% to 47% based on cutting the tariff on fentanyl precursor products from 20% to 10% in exchange for China’s efforts to curb illegal trade in this substance. China will resume soybean purchases and rare earth exports to the United States. The agreement is valid for one year, although, according to Trump, it could…