China's Consumer Prices Fall Back into Deflation, Singles Day Expands to Include Senior Citizens, Tech Giants' Earnings Shed Light on Consumer Spending, 20% Fall in Goods Shipped from China

China's consumer prices have fallen back into deflation, indicating a fragile economic recovery. The Double Eleven shopping festival, also known as Singles Day, is expanding to include senior citizens. Earnings for China's tech giants will shed light on consumer spending in a fragile economy. Chinese factories, struggling with overcapacity, are trying to export their way out of trouble, leading to new trade tensions. Price wars during the Chinese shopping festival have exposed consumer woes, with goods shipped from China falling around 20% this year. The situation is likely to affect exporters to China and could lead to falling demand and eroding price competitiveness. The 'Singles Day' shopping bonanza in China is losing its lustre, indicating lower consumption trends.