Latest Articles about Economics
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
Further Rapprochement in Russo-Chinese Relations? Opportunities Versus Roadblocks
Russian President Vladimir Putin is scheduled to visit China for a summit in May. In advance of that meeting, Russian sources are again claiming that an agreement on a gas pipeline will be reached between Gazprom and its Chinese partners. Allegedly, both sides have agreed... 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
Facing Grain Shortfalls, China Asserts Self-Sufficiency Policy
Demand for food in China is increasing at an unprecedented rate, as the Chinese become wealthier. In 2011, China became a net importer of rice, and imports of soybeans overtook domestic production in 2004. Changing Chinese appetites for grains and meats coupled with losses of... MORE
Sunflowers in Springtime: Taiwan’s Crisis and the End of an Era in Cross-Strait Cooperation
With two years left in the second and last term of Ma Ying-jeou’s presidency, Taiwan has been embroiled in a political crisis since March 18 that will have serious, and possibly long-lasting, repercussions on the dynamics within Ma’s Kuomintang (KMT) and the island’s relationship with... MORE
Kazakhstan’s New Prime Minister to Fix Economic Problems
On April 2, Kazakhstani President Nursultan Nazarbayev accepted the resignation of Prime Minister Serik Akhmetov who had headed the country’s government since September 2012. On the same day, the president met with leaders of parliamentary groups to discuss the candidacy of a new prime minister.... MORE
International Isolation Begins to Affect Russia
As the charged pause in the Russian-Ukrainian conflict drags on, policymakers in Moscow discover that their bold breakthrough into the territory beyond the boundaries of international law has brought rather unexciting consequences. Last Monday (March 31), President Vladimir Putin called German Chancellor Angela Merkel, seeking... MORE
Will Western Sanctions Damage Russia’s Global Nuclear Energy Business?
As the West prepares economic sanctions against Russia for its actions in Ukraine, the head of the government-owned State Atomic Energy Corporation (Rosatom) nuclear complex, Sergei Kirienko, said that Russia’s nuclear industry contracts with other countries could be affected, observing, “Considering an array of comments... MORE
Chechnya’s Ramzan Kadyrov Promises to Invest in Crimea Despite his Financial Dependence on Moscow
Shortly after the swift proclamation of Crimea’s short-lived independence, Ramzan Kadyrov announced that Chechnya would invest in Crimea and build close ties with it. However, Kadyrov’s notorious reputation is more likely to repel the residents of Crimea than win them over. On March 16, as... MORE