Latest Articles about Economics

Medvedev Experiments With Liberalism as Economy Plunges
On April 15 President Dmitri Medvedev created a sensation by granting an exclusive interview to Novaya Gazeta, known, in his own words, for "not licking up" to anybody, and then held meetings with the Council for Civil Society Institutions and Human Rights and the Association... MORE

Is a “Win-Win” Relationship in the Cards for China and Mexico?
The People’s Republic of China (PRC) says it places high priority on making Mexico an important link in its widely publicized “win-win” expansion into Latin America. This was evident during Vice President Xi Jinping’s February stop-over in Mexico City. In reality, however, after 37 years... MORE

Kazakhstan’s Transport Policy Faces Political Dilemma
Kazakhstan's President Nursultan Nazarbayev on his recent visit to the United Arab Emirates (UAE) praised China's involvement in an important joint $7.5 billion transnational road construction project as an example of their partnership. He said Kazakhstan started the construction of its section of the 3,000... MORE

China and the Arctic: The Awakening Snow Dragon
China is very dependent on international shipping for its economic development. Any changes to world shipping routes will have a direct impact on China’s economy and potential trade with respect to both imports and exports. The Arctic Ocean is in a state of rapid flux... MORE

China’s Inroads into East Timor
China was the first country to establish diplomatic relations with the Democratic Republic of Timor-Leste—more commonly referred to as East Timor—when it gained formal independence on May 20, 2002 (China Brief, July 5, 2006). Since that time China has expanded its economic interests in East... MORE

China’s Maturing Relationship with Latin America
The five-nation visit by Chinese President Hu Jintao to Latin America in conjunction with the November 2004 Asia-Pacific Economic Cooperation Forum (APEC) summit in Santiago, Chile, marked the beginning of a fundamental transformation in China’s relationship with Latin America. Prior to that trip, the People’s... MORE

China Debates Forex Reserves; Boosts Strategic Petroleum Reserves
A string of recent pronouncements from Beijing leaders capped off with a strong statement by Premier Wen Jiabao over his concerns for the value of China's $681.9 billion investment in U.S. Treasury bonds has highlighted a troubled Chinese leadership's outlook for 2009. Premier Wen's statement... MORE

World Economic Crisis Drags Armenia into Recession
The global economic crisis is taking an increasingly heavy toll on Armenia, forcing its government to devalue the national currency, cut budgetary spending, and seek hundreds of millions of dollars in foreign assistance. With no end to the worldwide downturn in sight, the Armenian economy... MORE

Ukrainian Central Bank to Become More Independent from Government
The efforts of Prime Minister Yulia Tymoshenko's government to tighten control over the banking sector have failed. In order to qualify for loans from the IMF, the government has had to cancel its orders for the National Bank of Ukraine (NBU) to buy government bonds... MORE

Turkish Economic Stimulus Package Foresees Temporary Tax Cuts in Automotive and Other Sectors
The Turkish government announced a comprehensive economic stimulus package on Friday. The decision comes against the background of deteriorating economic indicators that signal a serious recession and mounting pressure from market players for the government to act swiftly to alleviate the crisis. Industrial production showed... MORE