Latest Articles about Economics
The Communist Youth League Announces Plans to Send a New Generation “Down to the Countryside”
Introduction In late March, the China Communist Youth League (Gongchan Zhuyi Qingnian Tuan, 共产主义青年团), or CCYL, released an official document that detailed plans to recruit large numbers of young people for work programs in rural areas of the People’s Republic of China (PRC). The document,... MORE
Italy Joins the Belt and Road Initiative: Context, Interests, and Drivers
Introduction In March 2019, Italy and the People’s Republic of China (PRC) signed a broad and comprehensive, albeit not legally binding, Memorandum of Understanding (MoU) for Italy to join the Chinese-led Belt and Road Initiative (BRI). This has triggered a significant debate—in Brussels as well... MORE
The Role of State-Owned Infrastructure Companies in the Development of China’s Latin America Policy
Introduction: “Operation Car Wash” and Infrastructure Projects in Latin America Brazil’s “Operation Car Wash” bribery probe, which began in 2014, has caused major upheavals in both Latin American politics and the region’s infrastructure sector. Operation Car Wash began in March 2014 as an investigation into... MORE
The Standoff Over the Myitsone Dam Project in Myanmar: Advantage China
Introduction—China’s Stalled Dam Project in Myanmar On January 12th, the Embassy of the People’s Republic of China (PRC) in Myanmar issued a statement warning Myanmar that if it failed to resolve the dispute over the stalled Myitsone Hydropower Dam project in Myanmar’s northern state of... MORE
Gazprom Restarts Imports From Turkmenistan After a Long Halt (Part One)
On April 15, Gazprom resumed imports of natural gas from Turkmenistan to Russia via the Central Asia–Center pipeline system, after a complete halt of more than three years (Gazprom.com, Oilgas.gov.tm, April 15). The resumption follows three rounds of negotiations by Gazprom’s CEO, Aleksei Miller, with... MORE
Gazprom Resumes Imports of Turkmen Gas After Three-Year Break
The spokesperson for Gazprom, Sergey Kupriyanov, stated, on April 15, that the company had resumed gas imports from Turkmenistan (News Central Asia, April 16). His announcement was immediately confirmed by a statement from TurkmenGaz, Turkmenistan’s state natural gas company (Oilgas.gov.tm, April 15). Discussion on the... MORE
Role of Cryptocurrencies in Financing Russia’s ‘Hybrid’ Wars
Myrotvorets, a controversial independent Ukrainian website that claims to track persons threatening Ukraine’s security, has called on the authorities in Kyiv to investigate Russia’s alleged use of cryptocurrencies (via the WEX digital currency exchange platform) to fund subversive activities potentially in support of one of... MORE
In ‘Great Game Lite,’ Russia and China Compete for Influence in Kyrgyzstan
The political vacuum that emerged across Eurasia after the collapse of the Soviet Union in 1991 saw Russia’s former suzerainty over the former Soviet space contested by both the United States and China in a new and modified version of the “Great Game.” But today,... MORE
New Caspian–Black Sea Transit Corridor Boosts Geostrategic Importance of South Caucasus
On March 4, Romania, Azerbaijan, Georgia and Turkmenistan held a ministerial meeting in Bucharest—the first such quadripartite gathering for these governments. During this meeting of their foreign ministers, the parties issued a joint statement reaffirming mutual respect for each other’s sovereignty, territorial integrity and inviolability... MORE
Gazprom’s Surprise Acknowledgement of Tough Competition from US LNG
A high-ranking Gazprom official has admitted for the first time that liquefied natural gas (LNG) exports from the United States have negatively impacted the Russian state-owned energy giant’s sales. Gazprom exported a record volume of gas to Europe in 2018, increasing its market share on... MORE