Spenders or thrifters: As Singles' Day nears, are China's shoppers about to drop?

SHANGHAI (Reuters) - China is gearing up for the biggest shopping event of the year on Sunday, a day dominated by e-commerce giant Alibaba Group Holding Ltd which saw $25 billion worth of goods sold on its platforms alone in the 24-hour period last year.Akin to Black Friday and Cyber Monday in the United States, "Singles' Day" has become something of a litmus test for the strength of Chinese consumption, which is coming under pressure amid rising trade Sino-U.S. tensions and a wider economic..