As the latest covid wave hits China, the government makes adjustments to covid rules
China As the latest covid wave hits China, the government makes adjustments to covid rules The number of confirmed covid cases has soared in recent weeks. The average daily number of confirmed covid...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Share prices drop globally as construction giant Evergrande teeters on brink of default
China Share prices drop globally as construction giant Evergrande teeters on brink of default The financial troubles of Evergrande, one of China’s largest construction companies, began to make headl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Poorer employment opportunities for young Chinese and internal migrants
China Poorer employment opportunities for young Chinese and internal migrants According to official figures, 747 million people were employed in China last year, of which 63 % had jobs in urban...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
China’s real estate sector continues to struggle
China China’s real estate sector continues to struggle First-quarter apartment sales fell by 14 % y-o-y when measured by volume (floorspace) and by 23 % when measured by value (yuan). In a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s federal budget sees exceptional drop in revenues in July; spending continues to rise
Russia Russia’s federal budget sees exceptional drop in revenues in July; spending continues to rise Federal budget revenues in July declined by 25 % from a year earlier. Tax revenues from oil ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Relaxation of capital controls and increased foreign trade help boost international use of the yuan
China Relaxation of capital controls and increased foreign trade help boost international use of the yuan SWIFT, the Society for Worldwide Interbank Financial Telecommunication, reports that in Janu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Sluggish economic growth continued in October; construction activity in China declines
China Sluggish economic growth continued in October; construction activity in China declines Retail sales grew in real terms by 1.9 % y-o-y in October. China’s rigorous efforts to suppress the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Chinese GDP stages V-shaped recovery in 2020, bouncing back from covid-19 lockdowns to positive on-year growth
China Chinese GDP stages V-shaped recovery in 2020, bouncing back from covid-19 lockdowns to positive on-year growth China’s National Bureau of Statistics reports that GDP grew by 6.5 % y-o-y i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Even as the Chinese economy recovers, performance is still far below pre-coronavirus levels
China Even as the Chinese economy recovers, performance is still far below pre-coronavirus levels China’s official Purchasing Managers Index (PMI) for manufacturing returned to positive territory in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian pensioners and select public sector workers receive notable one-time stimulus payments this month
Russia Russian pensioners and select public sector workers receive notable one-time stimulus payments this month On August 24, president Vladimir Putin decreed a one-time stimulus payment to pension...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China pulled back on direct investment in Europe and the United States last year
China China pulled back on direct investment in Europe and the United States last year Investments have declined significantly after the peak year 2016, a result of China’s stricter outward investme...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Recovery of Russian economy continues
Russia Recovery of Russian economy continues Russia’s Ministry for Economic Development estimates that GDP grew in March by 0.5 % y-o-y, while GDP was still down by over 2 % y-o-y in Janua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China’s economic growth accelerated in the fourth quarter of 2024, but many sectors struggled with weak demand
China,economy,BOFIT Weekly Review China’s economic growth accelerated in the fourth quarter of 2024, but many sectors struggled with weak demand GDP growth accelerated in the fourth quarter of last ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
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China’s economic growth slowed at the end of 2021
China China’s economic growth slowed at the end of 2021 China’s National Bureau of Statistics (NBS) last week released its economic figures for the fourth quarter of 2021. According to official esti...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Robust increase in Russian government revenues, substantial budget surpluses
Russia Robust increase in Russian government revenues, substantial budget surpluses Revenues to the consolidated budget (federal, regional and local budgets, plus government social funds) in the fir...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
China and United States defend WTO reforms, but still far apart on agreement content
China China and United States defend WTO reforms, but still far apart on agreement content The Argentina G20 summit produced a fairly thin final communiqué in which the member states committed ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia was ranked the 43th most competitive country by the World Economic Forum this year
Russia Russia was ranked the 43th most competitive country by the World Economic Forum this year The annual Global Competitiveness Report released last week included 140 countries. Russia’s ranking ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia’s fourth large natural gas liquefaction unit started production
Russia Russia’s fourth large natural gas liquefaction unit started production In August, the first cargoes were off-loaded from the second unit (liquefied natural gas (LNG) train in professional ter...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
UnionPay launches European expansion; foreign card issuers still find access to the Chinese market difficult
China UnionPay launches European expansion; foreign card issuers still find access to the Chinese market difficult China’s state-controlled payment card company UnionPay is launching its initial for...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018