Latest Articles about Economics
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Lagging Production of Machine Tools and Parts Plagues Russian Military-Industrial Complex
Russia has consistently spread dubious claims that defense production remains on track to achieve Moscow’s increased targets in providing increased support for the Russian war effort in Ukraine (see EDM, September 21, October 5, October 31). The Russian military-industrial complex as a whole depends heavily... MORE
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Russian Energy Industry Faces Looming Investment Crisis
The 2023 UN Climate Change Conference (COP28), currently taking place in Dubai from November 30 to December 12, is missing contributions from one major energy power—namely, Russia. Many countries are guilty of pledging to curtail emissions then departing from their plans and falling short of... MORE
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Decoding China’s Dilemma: The Difficulties Of Economic Reform
On November 27, the State Council of the People’s Republic of China (PRC) unveiled a new policy, titled “Notice on Strengthening Financial Support Measures for the Private Economy (关于强化金融支持举措 助力民营经济发展壮大的通知)” (People’s Bank of China, November 27). The notice introduces a set of 25 measures crafted... MORE
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Chokepoint Consortium: Chinese Experts on Confronting American Pressure
News broke this September that Huawei released a new 5G-capable phone produced with domestic chip technology reportedly in contravention of US export controls. While experts disagree to what extent this new product represents a true domestic breakthrough, it serves as an important symbolic win for... MORE
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Expiration of UN Missile Sanctions Has Limited Effect on Iran’s Arms Trade
While much of the world’s attention was focused on the outbreak of the Israel-Hamas war, the UN Security Council’s sanctions on the development and export of Iranian missiles quietly expired on October 18 (Amwaj.media, October 22). The sanctions were part of UN Security Council Resolution... MORE
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Kazakhstan Turns Toward China Amid Cooling Relations With Russia
In late October, Kazakhstan halted the export of 106 products to Russia, a move attributed to Astana’s growing compliance with Western sanctions. Kazakhstan’s Deputy Minister of Trade and Integration Kairat Torebayev confirmed that the banned products are primarily linked to military goods, including drones, their... MORE
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Moonshot vs. Long March: Contrasting the United States’s and China’s Space Programs
On the morning of November 2, 2023, the Gobi Desert's silence was shattered: From a remote launchpad at the Jiuquan Satellite Launch Center (中国酒泉卫 星发射中心), the Hyperbola-2 (双曲线二号), a slender rocket bearing the iSpace emblem (星际荣耀), surged upwards, before gracefully alighting back on Earth (iSpace... MORE
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Chinese PSCs: Achievements, Prospects, and Future Endeavors
Executive Summary Along with their clear internal (domestic) needs, Chinese private security companies (PSCs) have been spotted operating in virtually all major regions around the world. These entities currently play a marginal role in the promotion and protection of Chinese interests abroad, though they will... MORE
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India to Build 24 Cargo Vessels for Russian Use in Caspian Trade
On October 26, Indian government-owned Goa Shipyard signed a substantial shipbuilding contract with Russia. The agreement calls for Goa to construct 24 river-sea class cargo ships for Russian clients in the Caspian Sea by 2027. The director of Caspian International Integration Club North-South, Dmitry Dubovik,... MORE
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Russia’s Restoration of Sukhumi Airport May Lead to Full Annexation of Abkhazia
On October 27, the Moscow-backed separatist government in Abkhazia signed a public-private partnership agreement with the recently established Russian company Infrastructure Development to restore operations at the Babushera airport near the Abkhazian capital of Sukhumi. Rashid Nurgaliyev Jr., the son of the current deputy secretary... MORE