BOFIT Weekly

BOFIT Weekly Review provides facts and analysis on the Russian and Chinese economies on alternating weeks.

Editor-in-Chief: Juuso Kaaresvirta. Email: Juuso.Kaaresvirta(at)bof.fi

The information is compiled and edited from a variety of sources. The Bank of Finland assumes no responsibility for the completeness or accuracy of the information, and opinions expressed do not necessarily reflect the views of the Bank of Finland.

2021

5 Mar 2021 BOFIT Weekly 2021/09
Russia

26 Feb 2021 BOFIT Weekly 2021/08
China

19 Feb 2021 BOFIT Weekly 2021/07
Russia

12 Feb 2021 BOFIT Weekly 2021/06
China

5 Feb 2021 BOFIT Weekly 2021/05
Russia

29 Jan 2021 BOFIT Weekly 2021/04
China

22 Jan 2021 BOFIT Weekly 2021/03
Russia

15 Jan 2021 BOFIT Weekly 2021/02
China

8 Jan 2021 BOFIT Weekly 2021/01
Russia

2021

Russia

Fixed investment in Russia recovered in late 2020

Russian oil production and exports contracted sharply last year

Production and exports of natural gas declined last year

Finnish trade with Russia collapsed last year

China

New travel restrictions subdue start of Chinese Lunar New Year celebrations

China ranked the world’s top FDI recipient in 2020

China’s current account surplus last year increased to about 2 % of GDP

Given the overall outlook for China, provincial GDP growth targets look rather modest

Russia

Gold and wheat exports partly compensated for drop in value of Russian oil exports last year

Central Bank of Russia keeps key rate unchanged

Russian government spending in stimulus mode last year

IMF’s annual Article IV consultation with Russia raised a wide range of economic issues

China

Volume of Chinese goods exports showed exceptionally strong growth amidst pandemic

Officials hope to rein in real estate sector risks in China

Hong Kong’s real economy remains weak

China is Myanmar’s most important trading partner

Russia

Latest economic data for Russia looks promising

Even with domestic demand and imports plunging, the Russian economy contracted less than expected in 2020

Russian agriculture enjoys another year of growth

Russian banking sector enjoyed brisk growth last year

China

Chinese GDP stages V-shaped recovery in 2020, bouncing back from covid-19 lockdowns to positive on-year growth

Latest forecasts show China putting the covid-19 crisis behind it, even as other emerging economies struggle

Chinese debt-to-GDP ratio approaches 300 %

National carbon trading scheme expected to help China reach more ambitious climate targets

Russia

Gradual recovery in Russian foreign trade continues, capital outflows rise

At close to $600 billion, Russia holds the world’s fourth-largest foreign currency and gold reserves

Moscow stock exchange made gains in second half of 2020

National Welfare Fund again close to 12 % of Russian GDP

China

IMF puts China’s public sector deficit near 20 % of GDP in 2020

China and EU reach agreement on investment

Stock prices in China continue to rise in January

China presses Australia

Russia

Robust third-quarter recovery in private consumption last year, Russian fixed investment contracted

While consumption fell, Russian economic indicators generally point to recovery in November

Central Bank of Russia kept key rate unchanged

Crude oil prices rise above $50 a barrel