Latest Articles about Economics

Comac’s Homegrown Aircraft Goes Global
Executive Summary: The Commercial Aircraft Corporation of China (Comac) will likely take many years developing into a veritable world-class aircraft enterprise. Over 1,200 orders have been placed for the new C919, primarily from domestic state-owned airlines. Comac has delivered 5 single-aisle planes to domestic airlines... MORE

Foreign Fixations at the Heart of Chinese-style Modernization
Executive Summary: A new report from two high-end PRC think-tanks details the country’s path to modernization in anticipation of July’s Third Plenum but suggests that any shifts in policy direction will be muted. The report emphasizes the triumph of Chinese-style modernization over the Western model... MORE

Azerbaijan Continues to Strengthen Ties With Central Asia
Executive Summary: Russia’s war against Ukraine has given Azerbaijan fresh motivation to strengthen relations with Central Asian countries to improve their collective trade, transit, and energy potential. Continued development and increased use of the Middle Corridor is central to Baku’s increased cooperation with Kazakhstan, Kyrgyzstan,... MORE

Russia’s War in Ukraine Starves Belarusian Railways of Upgrades
Executive Summary: Belarus remains heavily dependent on Russia for its export infrastructure, especially as its Ukrainian options have been closed since Moscow launched the full-scale invasion. Minsk is seeking alternatives to Russian railways by using the still incomplete International North-South Transport Corridor and discussing plans... MORE

Russia’s Satellite Constellation Deteriorates, Increasing Dependency on China
Executive Summary: Russia’s dual-use Global Navigation Satellite System (GLONASS) is running into roadblocks due to technological deterioration, freeing Moscow to become more aggressive in space affairs. The Russian space industry had relied on stores of imported components to weather the first rounds of Western sanctions,... MORE

Russian Businesses Maintain Loyalty to Kremlin Despite War-Related Losses
Executive Summary: Russian businesses have experienced serious losses since the beginning of the war in Ukraine due to Western sanctions, but many continue to trust the Kremlin. Some companies viewed the sanctions and the isolation of Russia as an opportunity for growth in the domestic... MORE

Russia Builds Alternative to SWIFT as Part of Digital Sovereignty Push
Executive Summary: Russia announced in early April that nearly all domestic financial transactions are now being conducted through the Financial Transaction System, which was created as an alternative to SWIFT. The development of new financial systems is part of a broader desire for greater independence... MORE

Arms Manufacturing in Russia: Q1 2024
Executive Summary: Russia’s State Statistics Service’s (Rosstat) newly published data on the military-industrial complex in Q1 2024 demonstrates limitations for arms production. The increase in some manufactured goods is in part due to Russia evading sanctions to continue importing electronic devices, demonstrating its dependence on... MORE

Russia Kowtows to China
Executive Summary: Russian Foreign Minister Sergei Lavrov made an official visit to China earlier this month to meet with Chinese President Xi Jin Ping and Foreign Ministry, laying the foundation for future cooperation. Lavrov underscored that Russia’s priority is to strengthen and consolidate relations with... MORE

Chinese Women from the Countryside: Views on Marriage
Executive Summary: Recent data from China shows a decline in fertility rates in the countryside as well as in the cities. This complicates hopes that rural women could alleviate the declining birthrate. Demographic decline is increasingly a concern for policymakers. The population was found to... MORE