Even with slowing growth, Hong Kong economy continues doing well
China Even with slowing growth, Hong Kong economy continues doing well On-year GDP growth in the special administrative region slowed from 3.5 % in the second quarter to 2.9 % in the third...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Officials in China seek to calm markets spooked by slowing growth
China Officials in China seek to calm markets spooked by slowing growth China’s National Bureau of Statistics reports that real on-year GDP growth was 6.7 % in the first nine months of this yea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Large Chinese banks report improved profitability
China Large Chinese banks report improved profitability The semi-annual financial reporting of China’s Big Four banks (Agricultural Bank of China, Bank of China, China Construction Bank and Industri...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia modifies rules on repatriation of foreign trade earnings
Russia Russia modifies rules on repatriation of foreign trade earnings Russia's finance ministry has sought this year to ease the forex repatriation demands on companies involved in foreign trad...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian gas giant Gazprom share package to unknown buyer
Russia Russian gas giant Gazprom share package to unknown buyer Gazprom, one of Russia’s largest listed companies, sold 3.6 % of its shares via the Moscow Exchange last week. The offered shares...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Chinese tourism abroad continues to soar
China Chinese tourism abroad continues to soar According to China’s culture and tourism ministry, Chinese last year made 150 million trips abroad, a 15 % increase from 2017. Balance-of-payments figu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Growth in Russian industrial output revived in February
Russia Growth in Russian industrial output revived in February Industrial output growth rose to 2.6 % y-o-y in January-February. The figure moved up towards the growth figure for all of 2018. E...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Only minor changes in value of China’s currency reserves since 2016
China Only minor changes in value of China’s currency reserves since 2016 At the end of January, the value of the People’s Band of China’s total official foreign reserve assets was 3.186 trillion do...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economy’s growth rate accelerated in 2018
Russia Russian economy’s growth rate accelerated in 2018 Rosstat’s first GDP growth estimate for all of 2018, released on Monday (Feb. 4), surprised both Russian and foreign analysts. Rosstat estima...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
China establishes six new free-trade zones
China China establishes six new free-trade zones New free-trade zones (FTZs) will be established in the Heilongjiang, Guangxi, Hebei, Jiangsu, Shandong and Yunnan provinces. The new FTZs have variou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Rapid growth in Finland-Russia trade
Russia Rapid growth in Finland-Russia trade The value of Finnish goods exports to Russia inthe second quarter rose 13 % y-o-y. Export growth faded in the spring, but picked up steam in May and June....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia releases 2011–13 GDP figures produced with new methodology
Russia Russia releases 2011–13 GDP figures produced with new methodology Russia releases 2011–13 GDP figures produced with new methodology GDP and its components for the years 2011–16 have now all ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia’s economic growth has continued, though slowing a bit
Russia Russia’s economic growth has continued, though slowing a bit While the on-year September increases in most sectors of the Russian economy were notably high, the economic development ministry ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Every fifth international patent application now comes from China
China Every fifth international patent application now comes from China The latest annual report from the World Intellectual Property Organization (WIPO) notes that globally 243,500 patent applicati...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia facing harsher economic outlook for the rest of this year
Russia Russia facing harsher economic outlook for the rest of this year The preliminary figures from Rosstat show Russian GDP contracted by 4 % y-o-y in the second quarter. Thanks to strong gro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
New information on Russian industrial output
New information on Russian industrial output Rosstat has released more data based on new industrial branch classifications and other statistical changes. The new data now reach back to the start of 2...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
New faces on the PBoC's monetary policy committee
China New faces on the PBoC's monetary policy committee In mid-June, central bank governor Yi Gang was named chairman of the 14-member policy panel. He replaces former PBoC governor, Zhou Xiaoch...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Guo Shuqing to head newly created banking and insurance regulator and serve as PBoC party secretary
China Guo Shuqing to head newly created banking and insurance regulator and serve as PBoC party secretary The People's National Congress just approved merging China's banking and insurance r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Sharp drop in births in Russia
Russia Sharp drop in births in Russia Therewere fewer than 1.7 million live births in Russia last year, a drop of 200,000 births from 2016. Last time such a drop in births was seen in early 1990s af...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Fast growth in household lending in 2017
Russia Fast growth in household lending in 2017 The CBR reports that the bank credit stock rose by 3.5 % when exchange rate shifts are included. The stock of corporate loans was largely unchanged, w...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018