Latest Articles about Economics

Dreams Deferred in Xi’s New Year’s Speech
Executive Summary: Xi Jinping’s New Year’s speech hinted at weaknesses in the People’s Republic of China. The speech emphasized the many hardships that people are currently facing at home while acknowledging fears about a turbulent external environment. Xi did not mention “national rejuvenation” and he... MORE

Russia Seeks to Extend Transport Routes to Afghanistan
Executive Summary: Western sanctions against Russia have hampered northern cargo transportation routes used by most Eurasian states, leading Russia to increase relations with the Taliban government on transport communications to connect to the South Asian market. Extending the International North-South Transport Corridor to Afghanistan and... MORE

Russian Arms Exports Collapse by 92 Percent as Military-Industrial Complex Fails
Executive Summary: Russia’s arms exports dropped by 92 percent from 2021 to 2024 due to redirected resources for Ukraine, sanctions, inflation, and funding issues. The number of countries purchasing Russian arms has dropped dramatically. Major customers such as India have shown caution or shifted to... MORE

PLA Steps up Security Cooperation With Russia in 2024
Executive Summary: This year’s second joint aerial patrol between the People’s Republic of China (PRC) and Russia marked the debut of the nuclear-capable H-6N bomber, demonstrating Beijing’s intent to project nuclear deterrence and challenge Western strategic dominance. The two countries have expanded security cooperation this... MORE

PRC Pushes Digital Doppelgänger to Support Low-Altitude Economy
Executive Summary: The People’s Republic of China (PRC) is constructing “3D Real-Scene China,” a real-time model of the physical world enabled by advanced telecoms and digital sensing technologies. The low-altitude economy, which is projected to exceed $140 billion by 2026, aligns with national strategy that... MORE

From Ambition to Anxiety: The Unraveling of Xi Jinping’s Vocational Education Policy
Executive Summary: Xi Jinping’s vocational education reforms, designed to address a skills gap, have been distorted at the local level, with uneven implementation and coercive measures intensifying stress on students. The centralized power structure of the People’s Republic of China (PRC) incentivizes local officials to... MORE

Hong Kong’s Pivotal Role in RMB Internationalization
Executive Summary: The People’s Republic of China (PRC) continues to use Hong Kong to test policies and build support for the internationalization of its currency, the renminbi (RMB). The city is now the world’s largest offshore RMB clearing center. The Cross-border Interbank Payment System (CIPS)... MORE

Xi Jinping Challenged Following Spate of Violent Attacks
Executive Summary: Xi Jinping faces mounting challenges to his legitimacy from multiple directions, with economic troubles, mass killings, and corruption in the military eroding his grip on power. A spate of unrelated violent incidents and rising social protests across the People’s Republic of China (PRC)... MORE

Russia Faces Increasing Troubles Financing its War Against Ukraine
Executive Summary: Russia faces a severe economic crisis, with inflation rates significantly exceeding official figures. Efforts to combat inflation through high interest rates have slowed economic growth and investment, leading to risks of an economic downturn. The Kremlin is prioritizing war funding at the expense... MORE

Russia Prioritizes Icebreakers in Scramble for Arctic (Part Two)
(Part One) Executive Summary Russia remains the dominant player in the Arctic icebreaker sector, but this advantage may face challenges in the coming decade due to the collaborative ICE Pact involving the United States, Canada, and Finland. For Russia, icebreakers are essential for accessing Arctic... MORE