Latest Articles about Economics

Russia Facing Loss of Icebreaker Dominance in Arctic

Executive Summary: Russia currently has the largest fleet of icebreakers in the Arctic. Its lead over others, however, is somewhat deceptive as most are small and devoted to clearing ice from harbors rather than keeping the Northern Sea Route open. The United States, Canada, and... MORE

Mongolia Bolsters Relations With Governments of Central Asia

Executive Summary: Mongolia is engaging in efforts, including bilateral negotiations and official visits, to improve relations with Kazakhstan, Kyrgyzstan, and Uzbekistan following a long period of stagnant foreign policy toward Central Asia. These states share a Soviet legacy, resource extraction-oriented economies, and similar geopolitical and... MORE

Russia’s Diamond Industry Under Pressure of Stricter Sanctions

Executive Summary: EU member states and other Western powers have introduced restrictive sanctions against Russia’s diamond-producing industry, a major contributor to the Russian economy, such as restrictions against the import of Russian diamonds directly or from other countries. Other diamond-producing countries, many of which are... MORE

Xi Sets Out 2029 Vision At The Third Plenum

Executive Summary: Chinese Communist Party (CCP) General Secretary Xi Jinping has solidified his position as the driving force behind achieving a “high-quality socialist market economy” by 2029. The recent CCP Central Committee Plenum indicated that he would rule until at least 2032. The Third Plenary... MORE

Beijing Revives China–Kyrgyzstan–Uzbekistan Railway

Executive Summary: Beijing, Bishkek, and Tashkent signed a joint agreement in June to finance and begin constructing the oft-discussed China–Kyrgyzstan–Uzbekistan railway by October 2024. After many years of discussion, China finally pledged to finance over half of the project’s costs, and the parties appear to... MORE

Ant Group Expands Overseas But Still Hampered By The State

Executive Summary: Ant Group’s strategy since the fallout from its canceled IPO in 2020 and subsequent crackdown on the fintech sector has seen it seek opportunities while capturing projects within the People’s Republic of China (PRC) that are aligned with government priorities. Key markets for... MORE