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    <channel>
        <title>Weekly RSS</title>
       
        <link>https://www.bofit.fi/en/rss/weekly-rss/</link>
        <description><![CDATA[]]></description>
        <language>en</language>
                <item>
                    <title>Indian economic growth accelerated last year</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202625_1/</link>
                    <description><![CDATA[The first preliminary estimates indicate that India’s GDP grew by 7.7 % between April 2025 and March 2026 (fiscal year), more than half a percentage point higher than in FY24/25. Growth accelerated to 10.7% in the secondary sector (includes manufacturing and industrial processing), as well as 11 % in the tertiary sector (services including banking and insurance). The primary sector of the Indian economy, which includes agriculture, mining and allied activities, experienced slightly lower growth. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202625_1/</guid>
                    <pubDate>Wed, 17 Jun 2026 13:00:29 GMT</pubDate>
                </item>
                <item>
                    <title>OECD reports Chinese firms enjoy far more industrial subsidies firms in than other countries</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202624_1/</link>
                    <description><![CDATA[At the start of June, the Organisation for Economic Co-operation and Development (OECD) released a  report based on its Manufacturing Groups and Industrial Corporations (MAGIC) database of subsidies to large industries. According to the report, industrial subsidies have increased globally in recent years, with companies at least 25 % state-owned on average receiving considerably larger subsidies shares than their privately-held counterparts. Geographically, Chinese firms have received considerably more subsidies than companies elsewhere throughout the sample period of 2005–2024. For example, in 2024, large Chinese firms received industrial subsidies averaging 3.1 % of their sales revenue. In comparison, industrial subsidies in Europe amounted to around 0.5 % of sales revenue and in North America to 1.2 % of sales revenue. Subsidies in India and Brazil, two other major emerging economies, were distinctly lower than in China. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202624_1/</guid>
                    <pubDate>Fri, 12 Jun 2026 10:42:49 GMT</pubDate>
                </item>
                <item>
                    <title>China&#x2019;s direct investments in Europe rose significantly last year</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202624_2/</link>
                    <description><![CDATA[At the end of May, Rhodium Group and the Mercator Institute for China Studies (MERICS) jointly published their annual update of China’s foreign direct investment (FDI) flows to countries in the EU and the UK. China’s direct investments in Europe last year rose by 67 % to 16.8 billion euros. Following seven consecutive years of decline, investments have increased over the past two years, but at levels well below the peak years of 2016–2017, when China invested more than 40 billion euros annually in Europe. Last year, the EU and the UK accounted for nearly a quarter of China’s total FDI (17 % in 2024). About 60 % of Chinese outward FDI went to developed countries. The report estimates that the total value of Chinese FDI grew last year by 18 % to 69 billion euros, and was well over a third of the 2017 peak (182 billion euros). ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202624_2/</guid>
                    <pubDate>Fri, 12 Jun 2026 10:41:02 GMT</pubDate>
                </item>
                <item>
                    <title>Russian economy stabilising after weak start of the year</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202623_1/</link>
                    <description><![CDATA[Trends in Russian GDP growth tracked using Rosstat’s composite index of five core sectors of the economy (agriculture, manufacturing, construction, freight transport, as well as wholesale and retail sales) show growth in March-April of roughly 2 % y-o-y, up from an on-year contraction of nearly 3 % in January-February. Russia’s economic development ministry estimates that GDP grew by 1.3 % y-o-y in April. Due to weakness in the first two months of 2026, on-year GDP growth in January-April was essentially zero. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202623_1/</guid>
                    <pubDate>Fri, 05 Jun 2026 11:32:54 GMT</pubDate>
                </item>
                <item>
                    <title>China&#x2019;s April economic growth slows from first-quarter pace</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202622_1/</link>
                    <description><![CDATA[With nominal retail sales growth of just 0.2 % y-o-y in April, real growth in retail sales, which accounts for consumer price inflation, was clearly negative. Growth in online commerce slowed to around 6.5 % y-o-y, down from an average pace of nearly 9 % in the first three months of 2026 and over the past year. April sales of catering services grew at an annual rate of about 2 %, also slowing from the first quarter. China's official purchasing managers’ subindex for the services sector (services PMI) fell slightly below the 50-point neutral reading, while the S&amp;P Global index, which has a greater focus on private businesses, remained in positive growth territory at 52.6 points. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202622_1/</guid>
                    <pubDate>Fri, 29 May 2026 13:24:49 GMT</pubDate>
                </item>
                <item>
                    <title>Trump-Xi summit in Beijing yields modest results</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202622_2/</link>
                    <description><![CDATA[The positive news out of US president Donald Trump's state visit to Beijing this month included commitments from China to buy agricultural products and aircraft from the US. The previous face-to-face meeting of presidents Trump and Xi took place last October in Busan, South Korea. The original agenda for the Beijing summit included mutual easing of trade tensions, as well issues related to technological competition, artificial intelligence and cybersecurity. Technology issues, however, remained largely on the back burner, with no resolution on such matters as export restrictions on AI chips and other semiconductor devices. The US also made little progress in getting hoped-for Chinese support in de-escalating the Iran war. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202622_2/</guid>
                    <pubDate>Fri, 29 May 2026 13:23:58 GMT</pubDate>
                </item>
                <item>
                    <title>China takes another step in dismantling the household registration system</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202622_3/</link>
                    <description><![CDATA[The Chinese government last week released new guidance for provincial and city governments that significantly improves the access of China’s vast internal migrant population to public services. Cities are mandated to offer children of migrant workers the opportunity to attend school and, if necessary, financially guarantee children’s access to basic education. Migrant workers also gain access to social security and public health care in their city of residence, as well as the opportunity to benefit from employment services and rental housing offered by the city. The government's guidelines specify no reform schedules, and it seems that local governments are allowed to implement these reforms at their own pace. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202622_3/</guid>
                    <pubDate>Fri, 29 May 2026 13:22:57 GMT</pubDate>
                </item>
                <item>
                    <title>Iran war and energy sector bombardment deal a double blow to Ukraine&#x2019;s economy</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202621_1/</link>
                    <description><![CDATA[Damage to Ukraine’s energy sector depressed first quarter growth Preliminary figures from the State Statistics Service of Ukraine (Ukrstat) show the economy contracted for the first time in three years, falling by 0.5 % y-o-y in the first quarter of 2026. The combination of Russian bombing of energy facilities, an exceptionally cold winter and destruction of transport infrastructure hurt economic growth on a wide scale. Despite warmer weather in March and successful repairs that improved availability of electricity, recovery was held back by rising fuel and fertiliser prices caused by the Iran war. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202621_1/</guid>
                    <pubDate>Fri, 22 May 2026 11:43:10 GMT</pubDate>
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                    <title>BOFIT sees China&#x2019;s economic growth buoyed by exports this year, with a gradual slowdown over the next two years</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202620_1/</link>
                    <description><![CDATA[In the  BOFIT Forecast for China 2026–2028 released last week, we predict actual economic growth this year to be around 4 %, roughly the same level of growth as last year. China’s economic growth has received surprisingly strong support from exports in recent years, and we forecast the impact of net exports on growth to stay positive this year as well. In 2027–2028, the impact of exports on GDP growth should fade while no meaningful improvement in domestic demand is expected. As a result, we see economic growth slowing to around 3½ percent next year and about 3 percent in 2028. Official statistics will likely again report figures that exceed our forecast and align with GDP growth targets, as the high political weight given to the targets does not allow for displaying clearly slower growth ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202620_1/</guid>
                    <pubDate>Fri, 15 May 2026 12:18:21 GMT</pubDate>
                </item>
                <item>
                    <title>The yuan has appreciated moderately in 2026</title>
                    <link>https://www.bofit.fi/en/monitoring/weekly/2026/vw202620_2/</link>
                    <description><![CDATA[The yuan this year has strengthened somewhat against both the dollar and the euro. On May 14, one dollar bought 6.79 yuan, while one euro went for 7.93 yuan. Since the beginning of the year, the yuan has strengthened 3 % against the dollar and 2.5 % against the euro. The yuan’s real effective (trade-weighted) exchange rate (REER) in March was about 1.5 % stronger than at the start of January. ]]></description>
                    <guid>https://www.bofit.fi/en/monitoring/weekly/2026/vw202620_2/</guid>
                    <pubDate>Fri, 15 May 2026 12:17:04 GMT</pubDate>
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