Latest Articles about Economics

Half-Hearted Reforms May Erode Social Stability in Kazakhstan

Against the backdrop of turbulent developments over the last two decades in neighboring Uzbekistan and Kyrgyzstan, Kazakhstan may arguably be called an island of prosperity in Central Asia. In his Address to the People of Kazakhstan, delivered on January 10, President Nursultan Nazarbayev reinforced this... MORE

Business as Usual: Russia Exhausts Its Reserve Fund

The Russian Ministry of Finance released an official statement, on January 10, 2018, confirming that all the money previously channeled into the Reserve Fund, as well as the interest it produced during the last 12 months, had been credited to the federal budget. So the... MORE

China-Russia Relations Reality Check

In 2017, China and Russia trumpeted the closeness of their relationship, calling it a historic highpoint. Xi Jinping has made good relations with Russian President Vladimir Putin a priority, visiting Russia six times and meeting with Putin on 21 occasions since taking office. Authoritative statements... MORE

CPEC: “Iron Brothers,” Unequal Partners

Serious differences have come to the fore between China and Pakistan over the $60-billion China-Pakistan Economic Corridor (CPEC). At a Joint Working Group (JWG) meeting at Islamabad in November 2017, China announced its decision to suspend funding for at least three road projects in Pakistan, pending... MORE

What is “Xiconomics”?

In 2017, Xi Jinping consolidated his control over much of the Party and State apparatus, culminating in October when “Xi Jinping Thought on Socialism with Chinese Characteristics in the New Era” was inserted into the Chinese Communist Party (CCP) constitution. In late December, Xi’s leadership... MORE

China Faces Wintertime Energy Crisis of its Own Making

Northern China is facing an energy crisis this winter due to shortfalls in heating gas. Since mid-December, reports from Hebei, the province that surrounds Beijing and Tianjin, indicate that schools and residential areas are going without natural gas for heating. In Quyang county (曲阳县), southwest... MORE