Latest Articles about Economics
Putin’s Next Miscalculation: Russia’s Readiness for a Long War
As Russian aggression against Ukraine approaches the half-year mark and combat operations appear to be at a standstill, a new calculus has been developed in the Kremlin: A long war suits Moscow’s interests and can eventually be won. This self-serving proposition follows the failure of... MORE
The 20th Party Congress: Xi Set to Score Big in Composition of Next Leadership Corps
Introduction Despite the resentment among many top cadres against the personality cult that has been relentlessly built up around President and commander-in-chief Xi Jinping, the Machiavellian infighter is expected to remain on top when seats for the Politburo and other top-level leadership bodies are unveiled... MORE
With an Eye on Tibet, China Reacts Warily to Warming U.S.-Nepal Ties
Introduction U.S. Under Secretary of State for Civilian Security, Democracy, and Human Rights Uzra Zeya’s three-day visit to Nepal in May evoked a strong reaction from China. During the visit, Zeya, who is also President Joseph Biden’s Special Coordinator for Tibetan Issues, met with an... MORE
Russia’s Ferrous Metallurgy Industry Faces First Impacts of Economic Sanctions
On July 20, speaking at the annual assembly of manufacturers and entrepreneurs in Lipetsk Oblast, Vladimir Lisin, chairman of Novolipetsk Steel (NLMK)—first among Russia`s four steel-producing giants and one of the largest steel-producing companies in the world—remarked that the Russian ferrous metallurgy industry in general... MORE
Belarus’s Economic Downturn
In mid-July 2022, Moody’s and Fitch—two of the three international credit rating agencies—declared that Belarus is in technical default on its debt. Government economists consider this qualification politically prejudiced (Sputnik, July 13). However, a technical default is only a deficiency in a loan agreement that... MORE
Azerbaijan and European Union Ink Deal on Strategic Partnership in Energy
On July 18, the European Commission signed the new Memorandum of Understanding on a Strategic Partnership in the Field of Energy with Azerbaijan to increase imports of Azerbaijani natural gas to Europe by at least 20 billion cubic meters (bcm) annually by 2027 (Ec.europa.eu, July 18). “Today... MORE
Optimization Efforts to Improve Transit Through the Critical Middle Corridor
The Russian-Ukrainian war and Western sanctions against Moscow have limited the effectiveness of Russia as a transit country, especially in land-based trade relations between the European Union and China. In this context, the Middle Corridor (Trans-Caspian International Transport Route) has attracted increased attention from companies... MORE
The Real U.S.-China 5G Contest is Just Getting Started
Introduction On June 6, China declared the three-year anniversary of its business deployment of 5G, with the country having invested nearly 185 billion yuan in related infrastructure in 2021 alone (Xinhua Baoye, June 5). However, China’s 5G ambitions, which continue to form a substantial component... MORE
Regulations or Restrictions: China’s Foreign Exchange Control
Introduction On June 10, the China Securities Regulatory Commission (CSRC) released a ministerial order to amend the Several Provisions on the Interconnection Mechanism for Transactions in the Mainland and Hong Kong Stock Markets (hereinafter referred to as “Provisions”), six months after its announcement requesting public... MORE
Export of Ukrainian Grain Through Seaports: Opportunities and Risks
On July 22, Ukrainian representatives signed the Initiative on Safe Transportation of Grain and Food Products from Ukrainian Ports with Turkey and the United Nations secretary-general in Istanbul (Pravda.com.ua, July 22). Ukraine's agreement was concluded with Ankara and the UN, but not with Moscow, and... MORE