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But this was nothing to do with bargains, and otherwise there were few queues at the shops despite the earnest efforts of retailers to pump things up. There is one simple point and let’s get it out of the way.
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People like buying things, something that communism never quite took on board.
But I suspect that the gradual shift from people buying objects to buying services will change the nature of these festivals. But the emphasis will be more on buying experiences, less on buying stuff.
In most of Europe the gift-giving has been associated with Christmas, with the post-Christmas sales held to clear out the stuff that had not been sold.
In the US Thanksgiving takes the place of Christmas, and it looks a bit as though Singles Day in China is doing the same.