Latest Articles about Economics

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

Aliyev’s Visit to Uzbekistan: Expanding Connectivity Between Caucasus and Central Asia
On June 21, Azerbaijani President Ilham Aliyev paid a two-day official visit to Uzbekistan, where he met with his counterpart, Uzbekistani President Shavkat Mirziyoyev. Almost 20 documents, including a declaration on deepening strategic partnership and expanding comprehensive cooperation, were signed by the two delegations during... MORE

Iran’s Position on Caspian Seriously Impedes Moscow’s Plans to End Sanctions
In the run-up to the June 2022 Caspian Summit in Ashgabat, Turkmenistan, Moscow had expected that Tehran, animated by the same anti-Western attitudes as Russia, would cooperate closely in the opening of a north-south transportation route between Russia and the Indian Ocean. This plan would... MORE

The Bystre Canal Across the Danube: ‘Mosquito’ Tactics in Ukraine’s Grain Shipping
On July 9, the Ukrainian Sea Ports Authority announced the opening of the Bystre Canal on the mouth of the Danube River for the entry and exit of vessels transporting Ukrainian agricultural products (Uspa.gov.ua, July 9). “Bystre was blocked by vessels of the Ukrainian Danube... MORE

Putin’s Fifth Visit to Tehran: Renewing and Bolstering Russian-Iranian Relations
Russian President Vladimir Putin participated in the seventh summit of the heads of states in the Astana Peace Process for Syria in Tehran, Iran, on July 19, 2022. This marked Putin’s first trip outside the post-Soviet bloc since Russia’s military attack on Ukraine, and it... MORE

Will Western Sanctions Drown Russia’s Gold Industry?
On July 14, both Western (Euractiv.com, July 13) and Russian (Rbc.ru, July 14) sources reported that the European Union’s seventh sanctions package will put an embargo on Russian gold imports. If this happens, the EU will join the United States, the United Kingdom, Canada and... MORE

Kazakhstan Seeks to Attract Western Companies Leaving Russia, Infuriating Moscow
The Kremlin had expected its relationship to improve with Kazakhstan following Russia’s intervention to support Kazakhstani President Kassym-Jomart Tokayev’s government against violent rioters early this year. Instead, since then, relations have deteriorated seriously due to Nur-Sultan’s refusal to support Moscow’s policies in Ukraine (see EDM,... MORE

Economic Woes Worsen as Support for Xi Jinping’s Leadership Begins to Falter
The relentless cascade of bad economic news in China has not only cast doubt on the governance ability of the Xi Jinping leadership, but has also called into question the long-term viability of the Chinese economic model, which stresses maintaining party-state control of the market... MORE