Latest Articles about Economics
Russia’s New Maritime Collegium Inaugurated in Renewed Focus on Arctic Policy
Executive Summary: The Kremlin has established the Maritime Collegium of the Russian Federation, which will focus on the preservation of Russia’s naval power, specifically in the Arctic and along the Northern Sea Route. International cooperation in the Arctic and China’s central role are significant components... MORE
Local Reporting Overstates PRC’s Economic Impact on the Kyrgyz Republic
Executive Summary: Beijing pushes an inaccurate narrative in Kyrgyz media, overstating the positive impact of its investment in and development aid to Kyrgyzstan and claiming that this makes it a trustworthy neighbor, according to analysis of thousands of local media sources. A survey of 1,000... MORE
Hong Kong’s New Strategic Role After the Third Plenum
Executive Summary: Key officials visited the Hong Kong Special Administrative Region (HKSAR) in late August to explain the city’s political, economic, cultural, and security responsibilities. They signaled deeper integration with the People’s Republic of China (PRC) mainland while leveraging its unique international position. Hong Kong... MORE
Government Cracks Down on SOEs but Runs Risks
Executive Summary: The Supreme People’s Court and Central Government Regulators have put State-owned Enterprises (SOEs) on notice for fraudulent accounting practices, releasing five case studies to name and shame bad actors. The Central government made clear SOE fraud carries both economic risk and reputational risk... MORE
Russia’s War Economy Wilts Under Sanctions as Measures Become More Targeted
Executive Summary: Western sanctions, heavy losses in Ukraine, and short-sighted Kremlin policies have put serious strain on the Russian economy, even if Moscow has managed to weather the storm in some sectors. The Russian economy is grappling with significant structural issues, including dwindling economic reserves,... MORE
Rostec’s Updated 2023 Financial Data Shows Decline in Revenue
Executive Summary: Rostec, Russia’s state-owned military-industrial corporation, revised its financial data for 2023, initially presented in May, and handed over this new data to Russian President Vladimir Putin on July 30. The update shows a decrease in total revenue, arms manufacturing revenue, civil products revenue,... MORE
Moscow Mulls Reaction to Japan’s Expanding Military Ties With United States
Executive Summary: Moscow has reacted angrily to Japan’s agreement with the United States to set up a joint military command to counter Russian, Chinese, and North Korean moves. Russian commentators see this action as threatening Tokyo’s commitment not to use force offensively. This reaction builds... MORE
Economic and Technological Zones: Economic Strategy in the Tibet Autonomous Region
Executive Summary: New Economic and Technology Development Zones (ETDZs) in the Tibet Autonomous Region (TAR) are focused on pockets of the Han population, which will exacerbate tensions within the region. The Tibetan economy is already largely under Han control (except for in the agriculture and... MORE
Wolf Worriers: Repeated Cries for Reform Fail to Convince at Third Plenum
Executive Summary: The Resolution from the Third Plenum focused primarily on economic reform but reinforced the Party’s existing strategy rather than announcing a change in overall direction. The Resolution does nothing to mitigate concerns about the real estate sector, weak domestic demand, subsidized export-oriented manufacturing,... MORE
Russia’s Arms Manufacturing in January–June 2024
Executive Summary: Russia’s State Statistics Agency, Rosstat, reported increased growth in arms manufacturing industries during the first half of 2024. However, this growth is less impressive when considering physical manufacturing data as it is dependent on ruble prices. Russia was only able to increase the... MORE