Latest Articles about Economics
Renewable Energy and the PLA’s Next Generation of Self-Sufficiency (Part 2)
Part One of this series examined the state of renewable energy in China and the connections between civilian and military industry partners. Part Two looks in detail at the PLA’s developing energy strategy both on the mainland and, increasingly on offshore islands at the center... MORE
Southern Gas Corridor Seeks Financial Backing Amidst Volatile Oil Prices
During the third ministerial meeting of the Southern Gas Corridor (SGC) Advisory Council, held in Baku, on February 23, the European Commission’s vice president for the Energy Union, Maroš Šefčovič, encouraged international financial institutions to bankroll the SGC project (Trend, February 23). Amidst volatile oil... MORE
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
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
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
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
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
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
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
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