Latest Articles about Economics

Moscow Closes Okhotsk Sea to Outsiders

In a move that both exacerbates international conflicts in the Western Pacific and suggests how Moscow plans to proceed in the Arctic, Russian President Vladimir Putin has closed to all outside shipping and fishing the entire Sea of Okhotsk—some 52,000 square kilometers of water that... MORE

Chinese 3rd Generation Nuclear Technology Development

Globally, 295 new nuclear power plants are under construction or planned by 2030. The total aggregate value of the total build is estimated at $1.23 trillion, with international procurement worth approximately $26 billion per annum. [1] The size and prestige of this market has long... MORE

China Pursues Ambitious, but Risky, Financial Reforms

China’s leadership has, in the past year, announced many reforms to the Chinese economy, and especially the country's financial system. Some are slated to be implemented over time, while some are already in the process of being implemented. How can we distinguish between the two,... MORE

China’s Penetration of the Canadian Energy Market

China’s relentless global search for energy supplies has taken it from Central Asia to Sudan. But China imports oil from politically unstable nations such as inflation-ravaged Venezuela; Iran, constricted by international sanctions; and violence-ridden Iraq, the Democratic Republic of Congo and South Sudan, increasing the... MORE

The Cost to Ukraine of Crimea’s Annexation

The Ukrainian government has apparently understated its possible economic losses caused by Russia’s annexation of the Crimean peninsula. According to a recent valuation by the Ukrainian Ministry of Environment and Natural Resources, Russia seized an estimated 127 billion hryvna ($10 billion) of assets in Crimea,... MORE