Latest Articles about Economics
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
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
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
Russia and China Part Company in Davos
Chinese President Xi Jinping was this year’s star guest at the World Economic Forum in Davos (January 17–20), where the mood of the traditional crowd of successful entrepreneurs and high-flying politicians was far from jubilant. The shadow of the inauguration of US President Donald Trump... MORE
Moscow Benefits from Influence Campaign to Reinstate Ukraine-Russia Economic Ties
This past fall, Ukraine came under a media influence campaign that agitated for reinstating economic ties with Russia. Over the course of September–December 2016, several Ukrainian websites published a series of news stories detailing calls by various domestic enterprises and regional and municipal communities to... MORE
Sino-Indian Competition in the Maritime Domain
The naval build-up of the world’s two most populous nations, China and India, will contribute to a new era in the importance of naval power. Owing in part to a collapse in relations in the late 1950s and early 1960s which culminated in the China-India... MORE