Latest Articles about Economics

Beijing Learning Lessons From Russian Response to Financial War

Executive Summary: Beijing has tracked Russia’s response to what it perceives as financial warfare from the United States and its allies and has begun mitigating its vulnerabilities and building an offensive toolkit in response. Chinese experts take confidence from Moscow’s resilience in face of more... MORE

Lack of Substantive Peace Talks Continues Russian Economic Downturn

Executive Summary: Russian President Vladimir Putin’s claim that he is unwilling to negotiate with “terrorist” Ukraine in early June caused a downturn in Russian markets as investors responded to the decreased chance of peace in the Kremlin’s war against Ukraine. The Russian economy’s militarization has... MORE

Authorities Renew Reform and Opening Amid Economic Pressures

Executive Summary: The Party has updated plans to build the Greater Bay Area into a key growth driver, emphasizing attracting foreign investment and overseas talent. The measures from Beijing seek to make it easier for funds and elite global experts to move between the jurisdictions... MORE

Explainer: How Xi’s ‘New National System’ Centralizes Innovation to Counter Tech Containment

Executive Summary: Since 2019, the Party has promoted the construction of a “new national system”—a centrally directed, institutionalized framework for mobilizing state and market resources to achieve breakthroughs in core technologies vital to national power and security. Beijing sees this system as already delivering results... MORE