Latest Articles about Economics

Mongolia Signs Economic Deal With Japan to Offset Chinese and Russian Trade Domination
The new Prime Minister of Mongolia, Chimediin Saikhanbileg, whose ‘Reconciliation Government’ has been in power less than three months, visited Japan on February 9–11 to sign a Mongolian-Japanese Economic Partnership Agreement (EPA) with his Japanese counterpart, Shinzo Abe. This economic partnership agreement, effective immediately, was... MORE

Dispatch from Beijing: PLA Writings on the New Silk Road
Chinese President Xi Jinping’s “New Silk Road” has become a signature policy initiative, with over 50 countries participating and a new $40 billion Silk Road Fund to ensure its success (see China Brief, December 19, 2014; Xinhua, February 5). First espoused in 2013 by President... MORE

Without Lips Teeth Feel the Cold? Chinese Support for Russia in the Ukraine Crisis
Since the beginning of the Ukraine crisis, China has been remarkably forthright in its consistent opposition to the imposition of sanctions against Russia following the country’s annexation of Crimea in March 2014 and support for separatist movements in the Ukrainian regions of Donetsk and Luhansk.... MORE

“Hope” versus “Hype”: Reforms in China’s Free Trade Zones
The Chinese government’s decision to further liberalize its economy by establishing free trade zones (FTZ) has generated widespread optimism about the future of economic reform in China. The FTZ project, beginning with the creation of the Shanghai zone on September 29, 2013, is not only... MORE

Amid Mounting Domestic Troubles, Putin Tries to Regain the Initiative in Eastern Ukraine
The sharp escalation of hostilities in eastern Ukraine last week (January 22) has disheartened many in Europe who had hoped for a gradual resolution of the Ukraine conflict. On the other hand, it has been a welcome return to the path of victory for many... MORE

Western Sanctions on Russia to Have Delayed Impact on North Caucasus
President Barack Obama said in his State of the Union message (delivered before Congress on January 20) that US economic sanctions have had a devastating impact on the Russian economy (Tvrain.ru, January 21). In reality, only certain parts of the economy of Russia have been... MORE

China’s “Server Sinification” Campaign for Import Substitution: Strategy and Snowden (Part 2)
Since 2009, the Chinese government, in cooperation with state-run and private firms, has conducted an import substitution campaign in its computer server market, which is currently dominated by U.S. information technology (IT) companies IBM, Oracle and Hewlett-Packard (HP). China’s policy objective has been to reduce... MORE

The Impact of SOE Reform On Chinese Overseas Investment
Chinese President Xi Jinping’s new round of state-owned enterprise (SOE) reform and his anti-corruption campaign will dramatically change the preferences and performance of SOEs’ overseas economic expansion. The economic and political initiatives undertaken by Xi meet in the state sector, as the Chinese government is... MORE

Amid US Retreat From Region, Mongolia Seeks Closer Ties to China and Russia
The United States’ muted profile in mineral-rich, landlocked Mongolia receded even more in 2014. Indeed, the US has largely stood by while Mongolia deliberately integrated its faltering economy closer with its two neighbors, China and Russia. Last year, top-level Mongolian officials met with Chinese President... MORE

War in Eastern Ukraine Causing Coal Shortages, Electrical Blackouts
The unrest and ongoing fighting in eastern Ukraine seriously impacts coal supplies and thermal power electricity generation in the rest of the country. On December 28, Ukrainian President Petro Poroshenko ordered the Ministry of Energy and Coal Industry to halt rolling power blackouts, adding that... MORE