China's shoppers are still going strong

New York With China's economy slowing, many market and economic experts believe that the United States has more leverage to negotiate favorable terms to end the trade war.

They may be wrong about that.Chinese consumers continue to spend, despite concerns about tariffs imposed on the country by the Trump Administration. Chinese companies are reporting robust earnings. Alibaba and its top online retail rival JD.com both had record sales on Singles Day, a Chinese shopping holiday for young people. Luckin Coffee , a rapidly growing rival to Starbucks in China, recently reported strong earnings as well. Other Chinese e-commerce firms, such as online travel leader Trip.

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