Transient factors accounted for some of India’s recent robust GDP growth performance
India,BOFIT Weekly Review Transient factors accounted for some of India’s recent robust GDP growth performance Latest data show that Indian GDP in July-September grew 8.2 % y-o-y. Private consumptio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Sanctions on Russia further tightened in June
Russia Sanctions on Russia further tightened in June The European Union, United States and United Kingdom expanded their economic sanctions on Russia in June. The new round of sanctions are intended...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
China’s economic growth slowed in October
China,BOFIT Weekly Review China’s economic growth slowed in October China’s official October economic figures indicate a continued slowdown in Chinese economic activity. Retail sales, which grew by ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Local government borrowing drives growth in China’s aggregate financing
China,BOFIT Weekly Review Local government borrowing drives growth in China’s aggregate financing The People’s Bank of China (PBoC) reported that aggregate financing to the real economy (AFRE), a br...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
With bank profitability in China sagging, government seeks recapitalisation of large banks, mergers for small banks
China,economy,BOFIT Weekly Review With bank profitability in China sagging, government seeks recapitalisation of large banks, mergers for small banks China’s officials announced last autumn a major ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Hong Kong’s economic outlook is shaped by an ongoing downturn in the real estate sector, US monetary policy, the economic challenges facing mainland China, and geopolitical tensions
China,economy,BOFIT Weekly Review Hong Kong’s economic outlook is shaped by an ongoing downturn in the real estate sector, US monetary policy, the economic challenges facing mainland China, and geopo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Still no signs of economic recovery in China
China,economy Still no signs of economic recovery in China All major economic indicators suggest that China’s weak economic conditions persisted in August. Domestic consumers demand was particularly...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Technological leadership, self-sufficiency, and national security dominate the economic policy framework laid out at the CPC’s Third Plenum
China Technological leadership, self-sufficiency, and national security dominate the economic policy framework laid out at the CPC’s Third Plenum Roughly every five years, the Communist Party of Chi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Despite China’s overall weak foreign trade performance last year, trade with Russia boomed
Despite China’s overall weak foreign trade performance last year, trade with Russia boomed China Customs valued the country’s goods exports last year at 3.38 trillion dollars and goods imports at 2.5...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
US-China trade war escalates; American firms operating in China suffer
China US-China trade war escalates; American firms operating in China suffer On Monday (Sept. 17), United States president Donald Trump unveiled a new round of tariffs on imported Chinese products w...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Hong Kong’s economic situation remains challenging despite cautious signs of recovery
#Hong Kong Hong Kong’s economic situation remains challenging despite cautious signs of recovery Even with the lifting of covid restriction at the start of last year, a number of factors continue to...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
IMF calls for extensive reforms of Chinese economy
IMF calls for extensive reforms of Chinese economy At the start of February, the International Monetary Fund (IMF) released its Article IV Consultation report for China. The IMF expects China’s GDP g...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
China’s largest banks increased their share of the banking sector last year
China’s largest banks increased their share of the banking sector last year Total assets of the banking sector grew by 10 % in 2023, roughly matching the growth pace of the previous year. Over t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
2023 current account surplus reduced by surprising recovery in Chinese travel spending abroad
2023 current account surplus reduced by surprising recovery in Chinese travel spending abroad The State Administration of Foreign Exchange (SAFE), which operates under the auspices of the People’s Ba...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
BOFIT forecast sees Chinese growth slowing at about one percentage point a year from 2019 to 2021
China BOFIT forecast sees Chinese growth slowing at about one percentage point a year from 2019 to 2021 Growth of over 6 % p.a. is required for China to meet its declared goal of doubling 2010 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
China’s public sector budget deficit unchanged; revenue-side a major concern
China China’s public sector budget deficit unchanged; revenue-side a major concern Last month’s National People’s Congress approved the finance ministry’s proposed 2019 budget. With total revenues t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Coal continues to dominate China’s energy palette, even as its relative contribution declines
China Coal continues to dominate China’s energy palette, even as its relative contribution declines At the end of June, oil giant British Petroleum released its annual Statistical Review of World En...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Significant economic differences across Russia’s cities with populations of more than one million
Russia Significant economic differences across Russia’s cities with populations of more than one million Russia has 16 cities with more than a million inhabitants. The five biggest cities after Mosc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Stimulus included in Russia’s 2020−2022 government sector budget framework
Russia Stimulus included in Russia’s 2020−2022 government sector budget framework The finance ministry’s three-year fiscal framework covers the entire consolidated budget. That includes the federal ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
IMF warns debt driven high growth raises risk of hard landing for the Chinese economy
China IMF warns debt driven high growth raises risk of hard landing for the Chinese economy IMF warns debt driven high growth raises risk of hard landing for the Chinese economy In its annual Artic...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017