China and the EU agree on tighter economic cooperation
China and the EU agree on tighter economic cooperation While deeper economic ties were the theme of premier Li Keqiang’s visit to Brussels last week for the annual EU-China summit, talks were also l...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Reforms on complete deregulation of interest rates move ahead in China
Reforms on complete deregulation of interest rates move ahead in China Last week the State Council approved an amendment that removes the required loan-to-deposit ratio of commercial banks. Under cu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Chinese wages continue to rise, though at a slower pace
Chinese wages continue to rise, though at a slower pace The average wage for city workers last year rose 9 % to around 4,700 yuan (€560). Wages were up in all major sectors: manufacturing 10 %, whol...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
State support scheme boosts demand for new housing loans in Russia
Russia State support scheme boosts demand for new housing loans in Russia Issuance of new housing loans cratered in April and May due to the coronavirus lockdown. The volume of new housing loans iss...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Signs of growth in Russian goods trade
Russia Signs of growth in Russian goods trade In the April-June period, the value of Russian goods exports was down by 30 % y-o-y, mostly on a drop in export commodity prices. The volume of exp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China’s latest five-year plan features two-child policy and economic reforms
China’s latest five-year plan features two-child policy and economic reforms At the end of October, the Central Committee of the Chinese Communist Party finalised its proposed 2016–2020 five-year pla...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s Reserve Fund shrank last year substantially
Russia’s Reserve Fund shrank last year substantially Russia established its Reserve Fund to cover possible fiscal deficits in the event of economic weakness. The money is invested in liquid foreign-c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Recovery of Chinese economy continues to broaden
China Recovery of Chinese economy continues to broaden China’s National Bureau of Statistics reports that GDP growth accelerated in the third quarter to an annual pace of 4.9 %. Even if there c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
International financial institutions expect Chinese growth to slow only slightly
International financial institutions expect Chinese growth to slow only slightly The IMF’s April World Economic Outlook projects 3.2 % baseline growth of the global economy this year and 3.5 % in 201...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Increase in profits of Russian firms supports capital flows abroad and to banks
Increase in profits of Russian firms supports capital flows abroad and to banks Despite a recessionary economy, profits of Russian companies were up again in January-May relative e.g. to companies’ b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Chinese direct investment in Europe on the rise
Chinese direct investment in Europe on the rise Foreign investment flows from China to Europe have grown briskly in recent years. Latest figures from Eurostat show that the stock of foreign direct in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Semblance of calm returns to banking sector
Semblance of calm returns to banking sector The ruble’s collapse crested in mid-December (Dec. 16–17), followed by a frenzy of withdrawals from bank deposit accounts. However, the situation calmed in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR announces timetable for digital ruble rollout
Russia,economy,BOFIT Weekly Review CBR announces timetable for digital ruble rollout With the widescale adoption of electronic payments and commercial cryptocurrencies, central banks around the worl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russian output growth slows, inflation remains high
#Russia,economy,BOFIT Weekly Review Russian output growth slows, inflation remains high Russian GDP growth slowed significantly in the third quarter Rosstat’s preliminary estimate puts Russian GDP ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Trade war will hit Chinese economic growth
China,economy,BOFIT Weekly Review Trade war will hit Chinese economic growth Many institutions have been modelling the possible impacts of tariffs on economic growth using a variety of scenarios. As...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
US-China bilateral trade relations remain inflamed
China,economy US-China bilateral trade relations remain inflamed The bilateral relations of the United States and China seem destined to remain difficult. Even if incoming US President Donald Trump ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Chinese economy yet to show clear signs of improvement
Chinese economy yet to show clear signs of improvement China’s real industrial production growth in July was 5.1 % y-o-y, a marked slowing from the beginning of the year when output gains reache...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
United States imposes new tariffs on Chinese products
United States imposes new tariffs on Chinese products On Tuesday (May 14), US president Joe Biden ordered the Office of the US Trade Representative to impose or increase tariffs on a range of Chinese...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
BOFIT Forecast for China: uncertainty casts shadow on Chinese growth outlook
China,forecast BOFIT Forecast for China: uncertainty casts shadow on Chinese growth outlook China’s economic growth, which witnessed a slowdown last year, continues to slow this year. While uncertai...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian defence spending has increased rapidly
Russian defence spending has increased rapidly The annual global military spending report from the Stockholm International Peace Research Institute (SIPRI) finds that the ratio of government defence ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017