Latest Articles about Economics

Russian Companies Say Moscow Stopped Urging Them to Invest in the North Caucasus
On March 6, the government-funded company Northern Caucasus Resorts reported that the Russian Ministry for Regional Development approved including the Veduchi multi-purpose resort project in Chechnya’s special economic zone. The decision opens the way for investing in this enterprise under preferential conditions. According to the... MORE

The Humbling of the NDRC: China’s National Development and Reform Commission Searches for a New Role Amid Restructuring
It’s been a tough year for the National Development and Reform Commission (NDRC). The Chinese government’s central economic planning ministry dominated economic policy-making in the Hu-Wen era, and came to epitomize the model of state capitalism associated with their decade in office. The organization’s approach... MORE

India Unsettled by Proposed China-Pakistan Economic Corridor Through Kashmir
On February 26, Pakistani officials announced a step forward in China’s plans to construct a transportation corridor through Kashmir to the Pakistani port of Gwadar. Gwadar Port Authority chairman Dostain Khan Jamaldini briefed the Senate’s Ports and Shipping committee after attending the second meeting of... MORE

China and the Silk Road: Marching Westward
On November 29, 2013, an international cargo train Chang’an (“Lasting Peace”) departed from Xi’an, the capital city of Shaanxi province in central China, and traveled westward toward Central Asia. On December 9, after a journey of more than 5,000 kilometers, the 49-car train arrived in... MORE

Dutch Foreign Minister Visits Kazakhstan
On February 3, Dutch Foreign Minister Frans Timmermans made his first official visit to Kazakhstan. In Astana, he met with President Nursultan Nazarbayev, Speaker of the Senate of Parliament Kassym-Jomart Tokayev, Deputy Prime Minister Bakhytzhan Sagintayev, Foreign Minister Erlan Idrisov and other senior Kazakhstani officials... MORE

Moldova’s European Choice Vulnerable to Russian Economic Leverage
Russia’s economic leverage on Moldova has tended to diminish in recent years, but it remains strong on several key dimensions, and can be used with short-term devastating consequences, if the Kremlin decides to use this leverage punitively. The European Union and the Moldovan government worry... MORE

Falling Coal Prices Help China’s ‘New Silk Road’ Win Over Mongolia
Mongolia’s Minister of Foreign Affairs L. Bold made an official visit January 16–21, 2014 to the PRC at invitation of his counterpart Wang Yi. The most interesting result from the trip may have been the fact that it was widely covered by Chinese media, while... MORE

Arrests in Guangdong Spearhead Effort to Clean up Innovation System—But Reveal Commitment to State-led Research
The firing and arrest of more than 50 officials “from the number one down to the grassroots” in the Provincial Science and Technology Department of Guangdong has been hailed in Chinese official media as a step forward in the fight against corruption—but, as they take... MORE

Rebranding Kazakhstan by Changing Its Name
President Nursultan Nazarbayev has suggested changing his country’s name from Kazakhstan to “Kazakh Yeli”—meaning the “Land of the Kazakhs”—during a visit to the nation’s oil capital Atyrau on February 6. By dropping the “stan” from Kazakhstan, the country would differentiate itself from its Central Asian... MORE

China and Kyrgyzstan Discuss Rail Projects
China is increasingly interested in railway construction in the former Soviet Central Asian states as a land alternative to maritime transit for shipping high-value, low-volume products such as electronics to European markets. If all goes according to plan, in May 2014 the final technical decisions... MORE