Latest Articles about Economics

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

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

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