China Promised to Vigourously Boost Consumption

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Welcome back to the World Brief, the flagship newsletter of The Viyug delivered to you directly from the Editor’s desk, catching you up on 24 hours of news in five minutes. In today’s edition of the newsletter we’re looking at China’s economic boost followed by Germany’s kickstart of its election campaign, Britain’s regional sub-grouping ready to face Russia’s aggression and ending with updates on Syria, Black Sea accident and Israel’s closure of its Embassy in Ireland.

Cover Story

After their annual Central Economic Work Conference, which finished on Thursday, China’s leaders promised to “vigourously” boost consumption. New economic figures released on Monday will illustrate the size of the task ahead of them. Retail sales probably grew by about 4.5 percent in nominal terms in November, compared with a year earlier. That would be slower than the previous month, which was boosted by an early start to the “Singles’ Day” shopping festival. Consumer-price inflation, which has already been released, was only 0.2 percent, another symptom of weak spending.

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About the Author

Anirudh Phadke is the Founder/Editor of The Viyug. He is currently serving as a Member of the Board of Studies (BoS) for the Department of Defence & Strategic Studies at the Guru Nanak College (Autonomous). He previously worked for International Criminal Police Organization (INTERPOL). Anirudh holds a Master of Science in Strategic Studies along with a Certificate in Terrorism Studies from S. Rajaratnam School of International Studies (RSIS) at Nanyang Technological University (NTU). He completed Bachelor’s degree in Defence & Strategic Studies from Guru Nanak College (Autonomous).

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