Latest Articles about Economics

China’s Poor, Young and Restless

The "Economic Blue Paper," a report published by the Chinese Academy of Social Sciences (CASS) on December 2 (China Brief, December 8), stated there will be 6.1 million college graduates entering the job market in 2009, among those graduates some 30 percent to 40 percent—approximately... MORE

The Turkey-IMF Stand-By Accord: a Never-Ending Symphony?

The Turkish government’s handling of the economic crisis continues to draw criticism. Business leaders and investors have been insisting that urgent measures are needed to protect the economy. An expert from Moody’s maintained that without a new IMF program, Turkey could face recession in one... MORE

Competing Forecasts Cloud China’s Economic Conference

The annual Central Economic Work Conference organized by the Central Committee of the Chinese Communist Party (CCP) will convene on December 8-10 in Beijing. Senior economic planners were in Beijing last week to attend a preliminary meeting that laid out an agenda for the discussion... MORE

Ukraine Recognizes Gas Debt, May Face Higher Price

Gazprom has threatened to more than double the gas price in 2009 if Ukraine fails to pay its debt for previous purchases by January 1. Ukraine’s energy inefficient industry might not survive such an increase amid the global economic crisis. Moreover, RosUkrEnergo may be retained... MORE

Beijing’s Stimulus Plan: Preemptive Crisis Management

China’s $586 billion (4 trillion yuan) stimulus package, which was announced before last weekend’s G20 Summit in Washington, has been hailed as indicative of Beijing’s commitment to stave off further bleeding from the global recession. World Bank Vice-President Justin Lin noted that the resuscitation effort... MORE

A New Ukrainian Russian Gas Confrontation

Just when the outlook for normalization in the Ukrainian-Russian gas relationship appeared on the horizon, Russian President Dmitry Medvedev and Gazprom head Alexei Miller have upset the gas cart.On November 20 Kommersant Daily reported that Medvedev and Miller threatened to charge Ukraine $400 per 1,000... MORE

China Cautious Toward G-20 Summit

According to Chinese Foreign Ministry Spokesperson Qin Gang, Chinese President Hu Jintao will attend the G20 Economic Summit to be held in Washington DC on November 15. At a press conference on November 4, Spokesperson Qin announced that President Hu has accepted President George W.... MORE