Latest Articles about Economics

The PRC’s Overcapacity Problem Depends on Who You Ask

Executive Summary: Senior Party and government officials have identified overcapacity as a major economic challenge, but state media have instead downplayed or denied its existence, framing concerns from the West as politically motivated. Regional governments have traditionally addressed overcapacity through top-down restrictions, but this strategy... MORE

Multiple Countries Strive to Enhance Middle Corridor Despite Challenges

Executive Summary: The European Union is working with the countries along the Trans-Caspian Transport Corridor (also known as the Middle Corridor) to support infrastructure development and provide technical assistance for improving standards, digitalization, and regional interoperability. Disruptions along the trans-Russia northern route due to Western... MORE

Putin’s Much Ado About the BRICS Summit

Executive Summary: The BRICS summit, held in Kazan, was met with great fanfare in Russian propaganda. Propagandists hailed it for its “epochal” significance. Moscow commentators promoted the idea that the BRICS summit demonstrated that Russia is not and cannot be isolated in the international arena.... MORE

Beijing’s Latest Data Security Regulations Create Framework for Broad Domestic and Extraterritorial Supervision

Executive Summary: The State Council-approved “Network Data Security Management Regulations” impose stringent compliance requirements on data processors and platform service providers to safeguard personal information, important data, and cross-border data. The “Regulations” signal continued efforts by the People’s Republic of China (PRC) to assert control... MORE

Kazakhstan Pauses Prospective Application to BRICS

Executive Summary: Just days before the 16th BRICS summit in Kazan, Russia, Kazakhstan announced that it will likely not consider applying to join the group in the foreseeable future, citing the complexity of gaining membership and the bloc’s future prospects. China and Russia, two key... MORE

Russia Hopes to Use ‘World Majority’ Against the West

Executive Summary: The pro-Kremlin Valdai Discussion Club conference on Sino-Russian relations on October 14–15 demonstrated Moscow’s goals of building a new world order together with the so-called “world majority” as a result of Russia’s declining status on the world stage. Even analysts close to the... MORE