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flag Over 40% of younger Chinese consumers focused on "emotional value" during the 2024 "Double 11" shopping festival.

flag During China's 2024 "Double 11" shopping festival, a significant trend emerged among younger consumers, with over 40% prioritizing "emotional value" in their purchases. flag This shift, dubbed the "emotional economy," involves spending on travel, gaming, cultural activities, and collectibles, reflecting a move away from traditional luxury brand reliance. flag Gen Z participation hit 90%, and "happy consumption" became a key theme, indicating a growing preference for emotional fulfillment over material status symbols.

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