Executive Summary: Brazil, a strategic partner to the People’s Republic of China (PRC), is taking a co-leading role in shaping a regional economic order decoupled from U.S.-centric trade and financial norms. The most consequential outcome of President Lula’s recent visit to Beijing was the signing... MORE

Executive Summary: Beijing has formally escalated its critical minerals strategy by launching a coordinated, multi-agency campaign to enforce full-chain control over rare earth and strategic mineral exports, mobilizing more than a dozen central and provincial agencies to supervise mining, processing, licensing, and export operations. Authorities... MORE

Executive Summary: April’s Politburo meetings and subsequent policy deployments indicate that Xi Jinping and his fellow Politburo members are scrambling to adapt to a harsher external environment—one marked by persistent U.S. tariffs, accelerating technology decoupling, and slowing global demand. Beijing’s response points toward deeper economic... MORE

Executive Summary: Xi Jinping’s April 30 remarks preview a fundamental shift in the Party’s upcoming 15th Five-Year Plan (2026–2030), signaling that national security—not growth—is now the central organizing principle of economic planning. A new “security pattern” will be directly integrated with the “development pattern,” embedding... MORE

Executive Summary: Hong Kong’s IPO market is on track for its strongest year since 2021, raising $2.3 billion in the first quarter of 2025—driven entirely by PRC-based companies. Consumer brands like Mixue and Guming led the listings, benefiting from Beijing’s stimulus measures and public enthusiasm... MORE

One of the weakest points in the survivability of President Vladimir Putin’s regime is the Russian economy. On April 24, Putin assured Russian business leaders that the country’s economic challenges are part of a planned “soft-landing” to curb inflation. The Consumer Price Index (CPI) in... MORE

Executive Summary: Azerbaijan is responding to increased trade through the Middle Corridor with international partnerships and ambitious reforms of its railway and port systems, highlighting Baku’s desire to become a critical node in global trade. Reforms such as standardized cargo procedures, digital customs systems, and... MORE

Executive Summary: The Kremlin is developing and spreading sanction evasion tactics to create an alternative international economic system populated by rogue states. Russia’s burgeoning international economic order is characterized by ignoring Western intellectual property rights, circumventing sanctions, and the unconstrained trading of military goods. Türkiye,... MORE

Executive Summary: Azerbaijan has launched the second phase of the Port of Baku’s expansion, aiming to support its growing role in transcontinental trade as the region seeks alternative routes to Europe. Regional instability and Western sanctions on Russia due to its war against Ukraine have... MORE

Executive Summary: Kazakhstan launched a new container rail service linking the People’s Republic of China (PRC) and Poland, reinforcing its position as a vital transit hub through Eurasia. The China-Kyrgyzstan-Uzbekistan (CKU) railway, a part of the PRC’s “One Belt, One Road” initiative, has emerged as... MORE