Taking place on November 11 each year, this is considered to be the version of Black Friday in China and also the biggest shopping holiday in the world. What is it?

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Black Friday dates back to the 1950s US but the phrase is even older. Apparently, it was first used in 1869, when the US gold market crashed. It then became a retail sales term, with being “in the red” meaning poor sales and being 'in the black' meaning good sales.
 


Taking place on November 11 each year, this is considered to be the version of Black Friday in China and also the biggest shopping holiday in the world. What is it?