Latest Articles about Economics

Putin Cannot Escape War in Ukraine Amid Travels to Far East

Executive Summary: The Eastern Economic Forum, held in Vladivostok from September 3 to 6, demonstrated Moscow’s shortcomings in its commitment to pivoting its economic policy toward the Asia-Pacific, especially China. Stagnation rather than expansion is the trend in Russia-China economic interactions, as Chinese companies are... 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

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

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