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

Uzbekistan, Afghanistan, and Pakistan Expedite Work on Joint Railway Project
Executive Summary Recent meetings between officials from Tashkent, Kabul, and Islamabad have given fresh impetus to the Uzbekistan–Afghanistan–Pakistan (UAP) railway project, with Pakistan leading the way in coordinating final steps before construction. The railway will provide a direct connection from Central Asia to the Indian... 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

PRC Seeks Dominance in Submarine Power Cable Infrastructure
Executive Summary: Beijing is promoting cross-border power transmission projects, deploying its leading producers of submarine electric cables to deepen integration with other countries’ critical infrastructure. Orient Cables, a national champion firm that has received generous government subsidies and has achieved several technical breakthroughs, is now... MORE

‘Command Innovation’ Model Builds Momentum: Engineering Capital for Strategic Rivalry
Executive Summary: Xi Jinping has elevated Command Innovation to the core logic of the People’s Republic of China’s economy—superseding traditional growth drivers by fusing “self-reliant” strategic-industrial planning with direct financial control. This engineered system gives Beijing new leverage over how capital is deployed and who... MORE

Kremlin Addressing Symptoms Instead of Causes of Coal Industry Downturn
Executive Summary: Russian President Vladimir Putin approved a set of measures in May to support Russia’s coal industry, including subsidies for transportation and exports, aimed at addressing the challenges posed by shrinking global demand, the transition to renewable energy, and economic sanctions. More than half... MORE

Xi Jinping’s Central Position in Official Media Starts to Erode
Executive Summary: The relative absence of supreme leader Xi Jinping in authoritative media could indicate that his power, though still unassailable, is waning. There were no references to Xi or his eponymous ideology in coverage of crucial trade talks with the United States, the announcement... 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

Kazakhstan and Afghanistan Sign Protocol of Intention on Railway Construction
Executive Summary: Kazakhstan and Afghanistan signed a protocol of intent on April 24 to jointly develop the Turgundi–Herat–Kandahar–Spin Boldak railway, including a logistics hub in Herat and fiber optic infrastructure to support digital connectivity. The railway is one aspect of regional transport development that could... MORE