Latest Articles about Economics

Arctic Issues Now Dividing Moscow Elites

President Vladimir Putin’s promotion of the Northern Sea Route (NSR) and Russian development of the seabed of the Arctic Ocean and adjoining parts of the Russian Federation were intended to excite and unify Russians at a difficult socio-economic time (see EDM, October 20). But things... MORE

Putin’s ‘Strong State’ Fails the Coronavirus Test

The COVID-19 coronavirus pandemic continues to accelerate in Russia: during the past week, the high mark in daily infections moved from 15,000 to 17,500, of which about a third were registered in Moscow. The Kremlin still asserts that the situation is under control, but its... MORE

Beijing Raises Shenzhen’s Status at the Expense of Hong Kong

Introduction In mid-October, Chinese Communist Party (CCP) General Secretary Xi Jinping unveiled reformist rhetoric by pledging to turn the southern city of Shenzhen (Guangdong Province) into a "comprehensive reform pilot project" (综合改革试点, zonghe gaige shidian), and a “socialism with Chinese characteristics advance demonstration zone” (中国特色社会主义先行示范区,... MORE

Kremlin’s Much-Ballyhooed Icebreaker Project in Real Trouble

As is often the case, much of the Western coverage of the launch of Russia’s new nuclear-powered icebreaker, the Arktika, has relied heavily on Kremlin press releases, with little to no examination of the actual situation. The vessel is the world’s largest of its type... MORE

The CCP’s New Directives for United Front Work in Private Enterprises

Introduction On September 15, the Chinese Communist Party (CCP) Central Committee Office published a document titled Opinions Concerning Strengthening New Era United Front Work in the Private Economy (关于加强新时代民营经济统战工作的意见, Guanyu Jiaqiang Xinshidai Minying Jingji Tongzhan Gongzuo de Yijian) (hereafter “Opinions”) (CCP Central Committee, September 15).... MORE