Latest Articles about Economics
China Enables Russia’s War of Aggression Against Ukraine
Executive Summary: Since the Kremlin began its full-scale invasion of Ukraine and the West imposed its sanctions against Moscow, Russia has been relying on China to supply materials to maintain its military-industrial complex. China does not wish to see Russia defeated as this would set... MORE
Beijing Strengthens Data Security with New Regulations, Expanding Control Over Domestic and Cross-Border Data
Executive Summary: New Network Data Security Management Regulations approved by the People’s Republic of China (PRC) State Council will serve as a national-level framework to clarify and enhance the implementation of existing laws, including the Cybersecurity Law (CSL), Data Security Law (DSL), and Personal Information... MORE
Kremlin Patriotic Education Policy Hampers Country’s Development
Executive Summary: As the new school year begins in Russia, the Kremlin is restructuring the curriculum to be more patriotic, teaching school children about “what is important,” including the “Fundamentals of Religious Culture” and military training. Due in part to limited access to technology and... MORE
Putin Cannot Escape War in Ukraine Amid Travels to Far East
Executive Summary: The Eastern Economic Forum, held in Vladivostok from September 3 to 6, demonstrated Moscow’s shortcomings in its commitment to pivoting its economic policy toward the Asia-Pacific, especially China. Stagnation rather than expansion is the trend in Russia-China economic interactions, as Chinese companies are... MORE
Russia’s New Maritime Collegium Inaugurated in Renewed Focus on Arctic Policy
Executive Summary: The Kremlin has established the Maritime Collegium of the Russian Federation, which will focus on the preservation of Russia’s naval power, specifically in the Arctic and along the Northern Sea Route. International cooperation in the Arctic and China’s central role are significant components... MORE
Local Reporting Overstates PRC’s Economic Impact on the Kyrgyz Republic
Executive Summary: Beijing pushes an inaccurate narrative in Kyrgyz media, overstating the positive impact of its investment in and development aid to Kyrgyzstan and claiming that this makes it a trustworthy neighbor, according to analysis of thousands of local media sources. A survey of 1,000... MORE
Hong Kong’s New Strategic Role After the Third Plenum
Executive Summary: Key officials visited the Hong Kong Special Administrative Region (HKSAR) in late August to explain the city’s political, economic, cultural, and security responsibilities. They signaled deeper integration with the People’s Republic of China (PRC) mainland while leveraging its unique international position. Hong Kong... MORE
Government Cracks Down on SOEs but Runs Risks
Executive Summary: The Supreme People’s Court and Central Government Regulators have put State-owned Enterprises (SOEs) on notice for fraudulent accounting practices, releasing five case studies to name and shame bad actors. The Central government made clear SOE fraud carries both economic risk and reputational risk... MORE
Russia’s War Economy Wilts Under Sanctions as Measures Become More Targeted
Executive Summary: Western sanctions, heavy losses in Ukraine, and short-sighted Kremlin policies have put serious strain on the Russian economy, even if Moscow has managed to weather the storm in some sectors. The Russian economy is grappling with significant structural issues, including dwindling economic reserves,... MORE
Rostec’s Updated 2023 Financial Data Shows Decline in Revenue
Executive Summary: Rostec, Russia’s state-owned military-industrial corporation, revised its financial data for 2023, initially presented in May, and handed over this new data to Russian President Vladimir Putin on July 30. The update shows a decrease in total revenue, arms manufacturing revenue, civil products revenue,... MORE