Latest Articles about Economics
China Exploits Russia’s Vulnerabilities
According to reports from Chinese media in late November, Beijing has refused to invest in the construction of the Power of Siberia-2 natural gas pipeline, proposing instead that Moscow fully cover the multibillion-dollar project. China also insists on substantial discounts for Russian gas, demonstrating strong... MORE
OSCE in Russia’s Tight Grip at Year-End Meeting
Russia has practically turned the Organization for Security and Co-operation in Europe (OSCE) into a hostage, ruthlessly instrumentalizing the organization’s consensus rules. The OSCE’s year-end, ministerial-level meeting, held in Skopje on November 29 and 30, highlighted Russia’s stranglehold over the OSCE as never before (see... MORE
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
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
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
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
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
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
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
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