Latest Articles about Economics
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Kremlin’s Hopes for a ‘Post-West’ World Order Recede
Just a couple of months ago, things looked to be going thoroughly President Vladimir Putin’s way. The 2016 elections in the United States gave the presidency to Donald Trump—a flamboyant real estate mogul and reality TV star, a nationalist and an isolationist. Throughout his campaign,... MORE
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Ukraine Showcases Advanced New Air-to-Ground Rocket Munition
Ukrainian President Petro Poroshenko announced, on February 11, that Ukroboronprom (a state-owned association of multi-product enterprises in the defense industry) has successfully tested a new type of domestically produced air-to-ground rocket with impressive technical characteristics (Pravda.com.ua, February 11). This 80 millimeter caliber munition can be... MORE
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Food Security and Chinese “Comprehensive National Security”
On February 6, China published “Central Document No. 1”, its annual statement of agricultural policy. Two weeks later, on February 20, China's Ministry of Agriculture (MOA) announced that it will begin its annual moratorium on fishing starting on May 1 (MOA, February 20). Though on... MORE
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China and Saudi Arabia Solidify Strategic Partnership Amid Looming Risks
While the wider Middle East remains convulsed by conflict and instability, China’s influence and interests in the region continue to expand in a familiar pattern. As the world’s largest consumer of energy overall and the world’s second biggest importer of crude oil, China’s Middle East... MORE
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Renewable Energy and the PLA’s Next Generation of Self-Sufficiency (Part 1)
This is the first in a two-part series on Chinese energy security and renewable energy. In December 2016, China unveiled one of its most ambitious renewable energy (可再生能源) initiatives thus far with plans to invest over $360 billion as part of the Chinese National Energy... MORE
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Russia’s Sarmat ICBM Faces Development Problems
The Russian budget for 2017–2019, which the State Duma (lower chamber of parliament) adopted last December, predicts that federal budget revenues will continue to decline in the next three years and will drop to 15 percent of GDP by 2019. This would be the lowest... MORE
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Railway Blockade Wreaks Havoc on Economy of Ukraine’s Donbas
In late January, groups of self-identified veterans and several controversial Ukrainian people’s deputies began blocking railways linking the territory of Donbas (provinces of Donetsk and Luhansk) controlled by Moscow-backed militants to areas controlled by the central government. They say that it is wrong to trade... MORE
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Chinese Acquisitions Undercut Taiwan, U.S. Semiconductor Industry Edge
China’s central Party leadership recognizes that the Chinese economy must shift away from light manufacturing and intermediate goods like steel to higher value-added manufacturing. In July 2016 the Chinese State Council Information Office published the “National Informatization Development Strategy Outline” (国家信息化发展战略纲要), laying out the central... MORE
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Ukrainian President Poroshenko to Finally Close His Confectionery in Russia
The Roshen confectionery plant in the Russian city of Lipetsk will close in April for political and economic reasons, Roshen’s press service has announced. Production in Lipetsk has shrunk threefold since 2013 because of the sanctions imposed by Russia on imports from Ukraine, falling purchasing... MORE
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Ukraine to Begin Producing M16 Assault Rifle in Joint Venture With US Firm
Ukroboronprom, the state entity responsible for Ukraine’s military-industrial complex, announced that it would begin joint production with the United States company Aeroscraft of a Ukrainian variant of the M16 assault rifle—to be renamed the WAC-47. Sergei Mykytyuk, the director of Ukroboronprom subsidiary Ukroboronservis, told journalists... MORE