World pins hopes on Black Friday

Black Friday is the most important shopping day of the year in the United States. Big bargains are to be had and the one-day extravaganza brings out the competitive spirit in American consumers.

So much so, that Black Fridays past have been marred by violence. Fueling the hype are media that give relentless coverage to Black Friday in their efforts to discern the mood of the American consumer and, thus, economy.

Of course, Black Friday is enormously important to Asia and its export-dependent economies. If Americans don’t keep buying, it won’t be a good Lunar New Year for us just a few months later.

World pins hopes on Black Friday