Latest Articles about Economics

German Energy Sector Open For Russian Grabs After Merkel-Medvedev Meeting (Part One)
The German government’s cave-in on nuclear energy has opened the gates to a new round of Russian expansion into Germany’s energy sector. This political decision has boosted demand for natural gas overnight, and with long-term consequences in Russia’s favor, since Germany is under-equipped with LNG... MORE

Kazakhstan Boosts Construction of Euro-Asian Transport Corridors
As international efforts to restore the ancient Silk Road gather momentum, Kazakhstan has intensified construction of major transportation arteries across its territory. Astana views the development of transport corridors together with economic diversification as key tools for strengthening its national sovereignty. Moreover, boosting transport and... MORE

Moscow Sets Out Ambitious Asian Policy Goals
The Russian government has reiterated its pledges to spend billions of rubles in government funding to speed up the development of the country’s Far East in a bid to create a gateway to the booming Asia-Pacific Region. Russia hosting the Asia-Pacific Economic Cooperation (APEC) summit... MORE

Cloud Computing Zone Tests “Chongqing Model”
In March 2011, the municipal government of Chongqing announced its intention to construct a special economic “cloud computing zone” (yun tequ), the largest such zone in Asia (Nanfang Zhoumo, June 16). Not only will this initiative offer participating foreign companies with the unique IT services... MORE

Implications of China’s Economic Penetration of North Korea
Three days after leaving China—where he pledged to work for peace—Kim Jong Il threatened to wage war against South Korea (Yonhap News Agency, May 30). The highly provocative comments from the North Korean regime at the end of May were interpreted as a sign of... MORE

Local Debt Problems Highlight Weak Links in China’s Economic Model
The Chinese Communist Party (CCP) leadership’s apparent failure to rein in reckless borrowing by local administrations has raised serious questions about the efficacy of the country’s stimulus package—and the viability of its vaunted economic model. Last month, the National Audit Administration (NAA) disclosed that regional... MORE

China’s Growing Car Exports and Central Asia’s Future
Only two decades ago this would probably have been unimaginable, but today China’s car exports are targeting consumers in the industrialized and emerging countries worldwide. This dramatic car export expansion has also been clear in the adjacent Central Asian region. As China evolves its manufacturing... MORE

Abkhazia Relies On Moscow’s Security Guarantees and Financial Backing
On June 20, the Forum of the National Unity of Abkhazia issued a statement about the nomination of a candidate for the presidency in the Georgian breakaway territory of Abkhazia. It is expected that Raul Khadzhimba will become the third candidate in the Abkhaz presidential... MORE

Fiscal Challenges May Bring Profound Changes to Russia’s Position in the North Caucasus
In his budget address for 2012-2014 on June 29, President Dmitry Medvedev designated decentralization as one of the Russian Federation’s state priorities. The Russian leader also called for privatization, lowering corporate taxes, the overall diminishing of the state’s role in economic activities and other measures... MORE

Kazakhstan Looks East: Sino-Kazakh Strategic Partnership Deepens
The strategic partnership signed between Kazakhstan and China on July 4, 2005 has now taken a significant step toward further expansion, based on political, economic, security and cultural ties. President Hu Jintau and his Kazakhstani counterpart Nursultan Nazarbayev agreed to the details of an “all-round”... MORE