Chinese consumers are prioritizing quality and value over patriotism, regardless of how testy relations become in recent diplomatic spats with countries like Japan and the United States HONG KONG -- In China, consumerism appears to outweigh nationalism regardless of how testy relations have become in recent diplomatic spats with countries like Japan and the United States.

Despite headlines of major store closures and bankruptcies like Saks, the retail sector shows surprising resilience. Overall sales are up 4.

This January, Americans aren't just giving up alcohol. They are giving up buying anything at all. Fueled by social media, some consumers are starting the new year with "No Buy January.