Latest Articles about Economics

Russia Releases Proposed Military Budget for 2025

Executive Summary: Moscow released the draft proposal for Russia’s federal budget for 2025 and 2026–2027, which shows that the national defense budget will increase significantly from previous years, especially in comparison to the period before its war against Ukraine. For 2023 and 2024, Russia’s military... MORE

An Assessment of the Audit of Volkswagen’s Controversial Factory in Xinjiang

Executive Summary: A recently leaked copy of the audit of Volkswagen’s much-criticized joint-venture factory in Xinjiang indicates that claims made by Volkswagen inside the report are misleading or false. These include suggestions that the audit applied the SA8000 social accountability standard, followed International Labor Organization... MORE

China Enables Russia’s War of Aggression Against Ukraine

Executive Summary: Since the Kremlin began its full-scale invasion of Ukraine and the West imposed its sanctions against Moscow, Russia has been relying on China to supply materials to maintain its military-industrial complex. China does not wish to see Russia defeated as this would set... MORE

Beijing Strengthens Data Security with New Regulations, Expanding Control Over Domestic and Cross-Border Data

Executive Summary: New Network Data Security Management Regulations approved by the People’s Republic of China (PRC) State Council will serve as a national-level framework to clarify and enhance the implementation of existing laws, including the Cybersecurity Law (CSL), Data Security Law (DSL), and Personal Information... MORE