Latest Articles about Economics

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

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

India to Build 24 Cargo Vessels for Russian Use in Caspian Trade

On October 26, Indian government-owned Goa Shipyard signed a substantial shipbuilding contract with Russia. The agreement calls for Goa to construct 24 river-sea class cargo ships for Russian clients in the Caspian Sea by 2027. The director of Caspian International Integration Club North-South, Dmitry Dubovik,... MORE

Caspian Sea Drying Up, Forcing Coastal Countries to Respond

The Caspian Sea is in danger of drying up. On June 7, government officials in the coastal city of Aktau, Kazakhstan, released a statement declaring a natural state of emergency for the maritime industry due to the sea’s low water levels (Facebook.com/Aktau_Press, June 7; Eurasianet,... MORE

Russia and China Develop New Grain Corridor

During the most recent Belt and Road summit in Beijing, Russia agreed to supply China with 70 million tons of grain, legumes, and oilseeds worth 2.5 trillion rubles (about $25.7 billion) over the next 12 years (TASS, October 17). Head of the Russian company New... MORE