China continues to create ever larger and more powerful state enterprises
China China continues to create ever larger and more powerful state enterprises China this month finalised the merger of two country’s large state-owned chemical producers. Both SinoChem and ChemChi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China's property taxation experiments continue
China China's property taxation experiments continue At the end of October, the Standing Committee of the National People’s Congress announced that it had authorised the government to prepare a ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia plans to increase government revenues in the next few years without hikes in large general taxes
Russia plans to increase government revenues in the next few years without hikes in large general taxes In the draft 2017‒2019 federal budget submitted to the Duma, the finance ministry computed that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
BOFIT Forecasts for Russia and China 2019–2021
Russia,China,forecast BOFIT Forecasts for Russia and China 2019–2021 RUSSIA Russian economic growth gathered steam in 2018. Rising oil prices and ruble depreciation combined to boost budget revenues...
Bofit.fi / Bofit homepage / BOFIT / News / 2019
China cuts subsidies on rail freight shipments to Europe
China China cuts subsidies on rail freight shipments to Europe Rail connections between China and Europe have been a centrepiece of the Belt & Road Initiative (BRI) launched by China’s leadershi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Chinese May industrial output growth low by historical standards
China Chinese May industrial output growth low by historical standards The China National Bureau of Statistics reports that the country’s on-year growth in real industrial output slowed from 5.4...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Another troubled Chinese bank hits the headlines
China Another troubled Chinese bank hits the headlines Bank of Jinzhou’s announcement last Friday (May 31) that it was changing its auditors precipitated a strong reaction from China’s bond markets....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian spending on private insurance increases
Russia Russian spending on private insurance increases The Central Bank of Russia reports that in 2018 Russians paid a total of 1.48 trillion rubles (20 billion euros) for various types insurance (e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Ruble rate holds steady despite falling oil prices and Kerch Strait skirmish
Russia Ruble rate holds steady despite falling oil prices and Kerch Strait skirmish The price of Urals-grade crude oil declined by 30 % in October and November, from above 85 dollars a barrel to und...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Tough November for China’s economy as covid situation worsens and export demand evaporates
China Tough November for China’s economy as covid situation worsens and export demand evaporates China’s declining retail sales, a proxy for consumption demand, highlight the impacts of the latest w...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Hardest aspects of US planned restrictions on Chinese investment fall away, but trade war still on
China Hardest aspects of US planned restrictions on Chinese investment fall away, but trade war still on President Donald Trump last week rescinded his threat to impose major restrictions on Chinese...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian oil production volumes fell in April
Russia Russian oil production volumes fell in April The International Energy Agency (IEA) reports that Russian crude oil output averaged around 10 million barrels a day in the first three months of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
BOFIT expects China's growth to slow; financial market worries on the rise
China,forecast BOFIT expects China's growth to slow; financial market worries on the rise China's GDP growth accelerated to 6.9 % p.a. in the first half of this year. The pick-up is not like...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
China’s 20th National Congress affirms major existing policy trends
China* China’s 20th National Congress affirms major existing policy trends With China’s National Congress of the Chinese Communist Party (Oct. 16–22) winding up, it appears Xi Jinping will continue ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s state-owned Vnesheconombank needs large support
Russia’s state-owned Vnesheconombank needs large support Most estimates put Vnesheconombank’s (VEB) needs for support funding at €15–20 billion to cover at least the next few years. The government c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
BOFIT forecasts economic contraction in 2020 for Russia
BOFIT forecasts economic contraction in 2020 for Russia Our latest outlook for the Russian economy is far gloomier than our previous forecast from last October, due to the recent collapse in oil pric...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian firms borrow modestly
Russian firms borrow modestly Russia’s troubled economy and financial market sanctions have contributed to a collapse this year in the issued volume of international corporate bonds and syndicated lo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Slowing Chinese GDP growth approached 7 % in 2014
Slowing Chinese GDP growth approached 7 % in 2014 China’s economic growth decelerated from 7.7 % in 2013 to 7.4 % last year. Fourth quarter GDP growth was 7.3 % y-o-y, or 1.5 % q-o-q. Growth in domes...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Chinese economy continued to rebound in August, even as consumer demand remained weak
China Chinese economy continued to rebound in August, even as consumer demand remained weak The National Bureau of Statistics reports that manufacturing led a nearly 6 % y-o-y rise in industria...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Effects of the coronavirus on the Russian economy remain limited for now
Russia Effects of the coronavirus on the Russian economy remain limited for now As there is still large uncertainty on the duration and extent of the coronavirus epidemic, the potential impact on th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020