China eliminates foreign trade subsidies that violated its WTO commitments
China eliminates foreign trade subsidies that violated its WTO commitments The United States a year ago filed a dispute with the World Trade Organization that claimed China’s central and local admini...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Chinese food imports up
Chinese food imports up Growth in domestic food production has failed to keep up with growing consumer demand and shifting consumer habits, even if China seeks to achieve self-sufficiency in many bas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR sees Russian economy contracting 3.5–4 % this year
CBR sees Russian economy contracting 3.5–4 % this year The central bank forecast further expects the GDP to fall 1–1.6 % in 2016 but return to growth of 5.5–6.3 % in 2017. The CBR’s outlook assumes t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Yuan appreciates in both real and nominal terms
Yuan appreciates in both real and nominal terms Discussions on trends in the Chinese currency typically focus on the exchange rate between the yuan and the US dollar due to the dominance of the doll...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
China’s economic work conference produces no big changes in economic policies
China China’s economic work conference produces no big changes in economic policies In mid-December, mainland China’s top decision-makers convened for the annual economic work conference. Repor...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
China posts current account deficit for January-September; currency reserves decline
China China posts current account deficit for January-September; currency reserves decline Just-released balance-of-payments figures show China with a current account deficit of 13 billion dollars f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economic recovery slow last year
Russia Russian economic recovery slow last year Preliminary figures from Rosstat show that Russian GDP grew by 1.5 % in 2017, slightly less than nearly all forecasters had expected. Recovery was rel...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
China introduces new reference rate for pricing bank loans
China China introduces new reference rate for pricing bank loans Last Friday (Aug. 16), the People’s Bank of China announced that commercial banks should price their new lending according to a “loan...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia streamlines visa rules
Russia Russia streamlines visa rules Starting on October 1, foreign visitors to Russia can get cleared for their visit to St. Petersburg or the surrounding Leningrad region simply by filling in data...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economic growth driven almost exclusively by private consumption
Russia Russian economic growth driven almost exclusively by private consumption Newly released Rosstat figures show that the slowdown in GDP growth to just 0.5 % y-o-y in the first quarter was due t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Intra-elite competition increasingly reflected in institutional behaviour in Russia and the economy more broadly
Russia Intra-elite competition increasingly reflected in institutional behaviour in Russia and the economy more broadly Observers note that the Duma’s increasingly proactive role in legislating and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia seeks ways to reduce grey pay
Russia seeks ways to reduce grey pay Facing budgetary shortfalls, the government is trying to increase revenues also by improving tax collection. Finance minister Siluanov has noted that grey wages ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China’s credit expansion creating less and less economic growth
China’s credit expansion creating less and less economic growth Financial circles are increasingly worried about China’s soaring indebtedness in the face of faltering economic growth. China’s credit ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Prices continue to soar in Russia
Russia Prices continue to soar in Russia Consumer prices have skyrocketed since Russia’s invasion to Ukraine last month. Import prices shot up with the ruble’s collapse. Prices of many food items ha...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
January-February figures show slowing Chinese economy
China January-February figures show slowing Chinese economy The National Bureau of Statistics reports industrial output growth slowed to 5.3 % y-o-y in the first two months of 2019 (over 7 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Moscow launches ambitious housing programme
Russia,economy Moscow launches ambitious housing programme At the beginning of August, Moscow mayor Sergei Sobyanin confirmed the list of apartment buildings to be included under an ambitious progra...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Nearly a fifth of Russian workers classed as working poor
Russia Nearly a fifth of Russian workers classed as working poor Nearly a fifth of Russian workers classed as working poor A new study from the government's Analytical Center finds that roughly...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Chinese tourism continues to grow rapidly; emphasis shifting to domestic tourism
China Chinese tourism continues to grow rapidly; emphasis shifting to domestic tourism Chinese tourism continues to grow rapidly; emphasis shifting to domestic tourism Chinese made 2.5 billion dome...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
EU import ban and G7 price cap on Russian crude oil enter into force; EU plans further sanctions
Russia EU import ban and G7 price cap on Russian crude oil enter into force; EU plans further sanctions The ban on seaborne shipments of Russian crude oil to EU countries went into effect on Monday ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Report finds that one in three Russian workers involved in informal employment
Russia Report finds that one in three Russian workers involved in informal employment A just-released survey from the Russian Presidential Academy of National Economy finds that about 25 million Rus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019