Executive Summary: The annual Central Asia Digital Security Expo in Xinjiang is supported by the U.S.-sanctioned Xinjiang Public Security Bureau and brings technology firms together to network and market their products under the context of the CCP’s ongoing campaign of repression. Federal sanctions, due diligence,... MORE

Executive Summary:  Kazakhstan is expanding rail cargo capacity on the Trans-Caspian International Transport Route (TITR), which uses Kazakhstan to bypass Russian infrastructure between the People’s Republic of China (PRC) and Europe.  Major investments, including a second Dostyk-Moiynty rail track and over 1,300 miles of new... MORE

Executive Summary: Brazil, a strategic partner to the People’s Republic of China (PRC), is taking a co-leading role in shaping a regional economic order decoupled from U.S.-centric trade and financial norms. The most consequential outcome of President Lula’s recent visit to Beijing was the signing... MORE

Executive Summary: Hong Kong’s IPO market is on track for its strongest year since 2021, raising $2.3 billion in the first quarter of 2025—driven entirely by PRC-based companies. Consumer brands like Mixue and Guming led the listings, benefiting from Beijing’s stimulus measures and public enthusiasm... MORE

Executive Summary: Beijing sees a strategic window of opportunity to drive a wedge between the United States and Europe and improve its economic and trading relationship with the European Union. Officials from the Ministry of Foreign Affairs and the Party's International Department have used a... MORE

Executive Summary: The Organization of Turkic States (OTS), comprising Azerbaijan, Kazakhstan, Kyrgyzstan, Türkiye, Uzbekistan, and observers, is leading efforts to enhance the Middle Corridor. This initiative aims to bolster regional connectivity, mitigate trade disruptions from geopolitical instability, and develop sustainable, competitive transport networks through multilateral... MORE

Executive Summary: Moscow’s need to supply its invasion forces in Ukraine, its rapid shift of trade away from Europe toward Asia due to sanctions, and slashed investments have put unprecedented strains on Russian railways. China will seek alternative routes for trade with Europe, using domestic... MORE

Executive Summary: The Trans-Caspian International Transport Route (TITR), or Middle Corridor, has evolved as a key alternative for trade between Europe and the People’s Republic of China (PRC) due to sanctions against Russia. The route bypasses Russia and transits through Central Asia, the Caucasus, and... MORE

Executive Summary: Since becoming the Russian leader, Vladimir Putin has made developing a north-south trade corridor a centerpiece of his geoeconomic and geopolitical program. This would counter the impact of east-west routes and align the global south against the West. He has now declared this... MORE

Executive Summary: Russia has more icebreakers than any other country but far fewer than it needs to ensure passage in the Eastern portions of the Northern Sea Route critical to its trade with China as well as to ensure that the Russian navy can continue... MORE