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

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

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

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