Latest Articles about Economics

Chinese National Security Laws Hinder Foreign Companies’ Operations in China
Investigations into alleged misconduct and criminality by companies are to be expected, and welcomed, in any country. However, the problems facing foreign companies in the People’s Republic of China (PRC) depart from normal legal checks and balances. The lack of separation between the judiciary and... MORE

US Summit Reflects Decline in Russia’s Position in Central Asia
Numerous accounts of Russia’s position and influence in Central Asia have commented on Moscow’s declining standing there. Those results are visible in the clear unhappiness of Central Asian governments with the war in Ukraine, what they perceive as Russia’s failure to take their interests seriously.... MORE

China’s Anti-Corruption Efforts Gain Momentum in Finance and Healthcare
Editor’s note: Tables at the end of the PDF version of this article detail a selection of the officials who have been investigated as part of probes into the health and financial sectors this year. On September 27, Chinese President Xi Jinping presided over a... MORE

Security Implications of China’s Auto Dominance
At the end of September, the 2023 China International Automobile Exhibition opened in Tianjin. An official representing the China Council for the Promotion of International Trade (CCPIT) delivered a speech, announcing that China's automobile exports are expected to exceed four million units this year (Kuai... MORE

Russia Struggles to Manage Defense and Security Budgets
At the end of September 2023, a draft of the Russian federal budget for 2024 and the 2025–26 planning period was introduced to the State Duma. Fiscal revenues for 2024 are planned to be 35.07 trillion rubles ($418.5 billion, according to the average exchange rate... MORE

The West’s Approach to Belarus Pushes Minsk Closer to Moscow
Western policy toward Belarus depends on policymakers’ willingness to scrutinize the facts on the ground. In this regard, two narratives undergirding the West’s approach are at war with one another. Some argue that Belarus has become inseparable from Russia and that there is no need... MORE

Kazakhstan Cautiously Builds Ties With China
After the mass protests of January 2022, Kazakhstan has sought to distinguish itself from the economic and foreign policy failures of the former Nursultan Nazarbayev administration. In September 2023, Kazakhstani President Kassym-Jomart Tokayev shared his vision to ameliorate Kazakhstan’s “dependence on raw materials, low labor productivity,... MORE

Turkey Supports Azerbaijan’s Operation in Karabakh
On September 19, Azerbaijan launched an “anti-terrorist operation” in the Karabakh region against armed separatist forces. The operation followed three years of largely unproductive peace talks between Armenian and Azerbaijan following the Second Karabakh War in 2020 (TASS, September 19; see EDM, September 20). The... MORE

Winter in the Long War Is Coming for Russia
Russia’s strategy for prevailing in the long war with Ukraine does not have a protracted timeline and looks no further than 2024. It is based on three premises: economic performance will keep the war machine going; Western support for Ukraine will erode and contract; and... MORE

China Strengthening Its Position in Northern Russia and the Arctic Sea
Moscow has long declared that China’s role in the development of the Northern Sea Route (NSR) is a central part of their strategic cooperation (see EDM, July 23, 2020; March 28). Despite this, the Kremlin cannot be entirely comfortable with the recent extent of Beijing’s... MORE