Bloomberg News reports: "It only took Jack Ma half the time Wednesday to sell the same amount of stuff he did a year ago with his online channels. Transactions through Alibaba Group Holding Ltd. during the annual Singles' Day shopping event passed 57.1 billion yuan ($9 billion) before midday, eclipsing last year's record with 12 hours still to go. By 9:26 p.m. Beijing time, they totaled 81.3 billion yuan. The top-selling items included baby-related and nutritional products, Nike sneakers and Levi's jeans, the company said." 

The Associated Press reports: "Republican presidential candidate Donald Trump's latest attack on China is about three years behind the times. In a column in The Wall Street Journal previewing a policy paper he released Tuesday, Trump wrote that 'the worst of China's sins' is manipulating its currency, the yuan, to gain an economic advantage over the United States and other countries. Citing the estimates of unidentified economists, the real-estate magnate charged that 'the yuan is undervalued anywhere from 15 percent to 40 percent,' giving Chinese exporters an unfair price edge in world markets...The yuan has risen nearly 5 percent against the U.S. dollar over the past five years — a period during which most major currencies fell against the dollar. The rising currency reflects China's increased global clout. By May of this year, the International Monetary Fund declared the yuan 'is no longer undervalued.'"