Latest Articles about Economics

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

Hungary: China’s Gateway to the EU Market

On November 24, Li Keqiang, China’s premier and top economic official, arrived in Budapest to great fanfare (China Economic Daily, November 29). Although Hungary is not typically on lists of major economic partners for China—even maps of the trans-Eurasian Belt and Road Initiative (BRI) skip... MORE