Latest Articles about Economics
Major Reforms in the 12th Five-Year Plan?
As Western economies struggle to stave off contagion, Chinese leaders have been quietly working to chart the Middle Kingdom's triumphant return to the world's center stage. According to the most recent issue of Outlook Magazine (Liaowang), a weekly published by the official Xinhua News Agency,... MORE
Medvedev Attempts to Rationalize his “Modernization” Agenda
It is hardly a mystery for President Dmitry Medvedev that his “modernization” project is not going anywhere; it is, however, unclear whether this is an issue. Speaking at the St. Petersburg Economic Forum last Friday, he tried to portray Russia as a “country attracting people... MORE
Will Yanukovych’s Reform Plan Convince IMF?
Ukrainian President, Viktor Yanukovych, launched his long-awaited reform program with great fanfare, addressing the nation and parliamentarians from the lavish Soviet-style Ukraina palace in central Kyiv on June 3. The document, which details reform plans in the economic sector for 2010-2014, prepared with the help... MORE
Economic and Defense Ties Between Turkey and Israel in Crisis
In the wake of the flotilla crisis between Israel and Turkey, attention is shifting to the question of what this development might mean for their bilateral relationship. Angered by the Israeli army’s treatment of Turkish citizens seeking to break Israel’s blockage of Gaza, which resulted... MORE
Brazil and Argentina: China’s Growing Foothold in Latin America
On May 21, Norwegian oil company Statoil announced that it agreed to sell 40 percent stake ($3 billion) of the Peregrino field located in the Campos basin offshore of Brazil to Chinese state-owned Sinochem Group. The Peregrino announcement closely follows the disclosure in March that... MORE
Shifting Sands in the Gulf: The Iran Calculus in China-Saudi Arabia Relations
The fourth joint meeting on economy and trade convened by China and Saudi Arabia in January 2010 in the Saudi capital of Riyadh came and went without much fanfare. Yet the meeting between China, the world’s second largest and fastest growing oil consumer, and Saudi... MORE
China’s “Charm Offensive” Loses Momentum in Southeast Asia [Part I]
Although the fundamentals of the Southeast Asia-China partnership remain largely unchanged, over the past year or so there has been a discernable change in tone as both sides confront longstanding as well as new problem areas in their relationship. As the nations of Southeast Asia... MORE
Is China Leading the Rebirth of Asia’s Commercial Aircraft Industry?
China may, by the end of the year, start deliveries of the ARJ-21 Xiangfeng (Soaring Phoneix), its first indigenously designed and developed commercial regional jet. According to the Chinese media, the fourth domestically-produced ARJ21-700 plane completed its maiden flight successfully in Shanghai on April 13... MORE
Gas in Exchange for Naval Base: a Boon to Ukraine’s Weak Economy
Moscow has agreed to lower the price of gas for Kyiv by one-third in exchange for extending the lease of the Sevastopol base for the Black Sea Fleet (BSF) by 25 years. The Ukrainian parliament ratified the agreement on April 27, despite protests by the... MORE
Ingush Tycoon Seen as Remedy for the Regional Security and Economic Problems
On April 20, the Russian Investigative Committee announced that it was lifting criminal charges from the well-known Russian billionaire of Ingush descent, Mikhail Gutseriev. Ingushetia’s government welcomed the move and expressed its hope that Gutseriev would contribute to economic projects in the republic (Kommersant, April... MORE