“Double 11” Shopping Spree
November 11, a date with 4 Arabic numerals “1”, which looks like a stick, is called Guanggunjie (Bachelor’s Day or Single’s Day) in China since “stick” (pronounced “guanggun” in Chinese) means “a single” in Chinese. The informal festival, originated from university campus and widely spread via the Internet and other media, gradually forms a kind of Single’s Day culture. Through the promotion of e-commerce companies, the Single’s Day has become a shopping spree in the country.
Nov 10, 2014
More overseas banks as Chengdu becomes financial hub
With two overseas banks setting up new branches in Chengdu in May, the capital of Sichuan province has made another step towards its goal to be the financial hub of western China.