New rules require Chinese insurance companies to reveal their ownership structures
China New rules require Chinese insurance companies to reveal their ownership structures The newly merged banking and insurance regulator CBIRC released new rules in May that substantially increase ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Consensus growth forecasts adopt China's growth targets
Consensus growth forecasts adopt China's growth targets China's gross domestic product rose 6.7 % in real terms last year. The latest IMF and World Bank forecasts now expect Chinese GDP to ri...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Number of passenger cars on the road in Russia rises from 26 million to 45 million in just ten years
Number of passenger cars on the road in Russia rises from 26 million to 45 million in just ten years In 2005, there were just 180 cars per 1,000 people in Russia. Since then, the number of cars has r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
China experiences increased labour unrest in November
China experiences increased labour unrest in November China Labour Bulletin (CLB), a Hong-Kong-based publication, reports that the number of strikes and labour protests in November exceeded all previ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
China opens clearing market for payment cards
China opens clearing market for payment cards Since ending UnionPay’s national monopoly on processing yuan-denominated electronic card payments last month, Chinese and foreign entities can now apply ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian accounts inspector finds problems with National Welfare Fund use
Russian accounts inspector finds problems with National Welfare Fund use The Accounts Chamber of the Russian Federation reports that assets invested from the National Welfare Fund to finance large i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Ruble struggles back from record low
Ruble struggles back from record low The ruble’s exchange rate hit an all-time low January 21 after the price of Urals-grade crude oil fell below $25 a barrel. At bottom, one euro bought 93 rubles an...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China has lifted most restrictive measures to contain the spread of covid-19
China China has lifted most restrictive measures to contain the spread of covid-19 China has reported around a dozen of new infections daily over recent weeks, all of which are said to have originat...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Chinese foreign trade down again in August
Chinese foreign trade down again in August Exports continued to contract in August, falling 6 % y-o-y. For the first eight months of the year, the value of goods exports was down 1 % y-o-y. Growth in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Growth in Russian government sector spending accelerates
Russia Growth in Russian government sector spending accelerates Expenditures of the consolidated budget (federal, regional and municipal budgets, plus state social funds) increased in the third quar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Sluggish first-quarter growth in Finland-China trade
China Sluggish first-quarter growth in Finland-China trade Finnish Customs figures show that Finland exported roughly 850 million euros worth of goods to China in the first quarter of this year. Fin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Recovery in Russian fixed investment continued in 2018
Russia Recovery in Russian fixed investment continued in 2018 Fixed investment rose by 4.3 % last year (4.8 % in 2017, with Rosstat’s latest round of revision raising the figure a bit). The level of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia prepares to raise public sector wages
Russia prepares to raise public sector wages Russia prepares to raise public sector wages President Vladimir Putin recently proposed that wages funded out of public sector budgets should be raised a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Exports to China outperformed Finnish exports overall in 2016
Exports to China outperformed Finnish exports overall in 2016 Newfigures from Finnish Customs show the value of Finland's goods exports to China rose by 5 % last year to €2.7 billion. Imports fro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Gas sector drives growth in fixed investment
Gas sector drives growth in fixed investment Newly released Rosstat figures show a small recovery in seasonally adjusted fixed investment happened earlier than what the figures showed in late summer....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian investments focused increasingly on oil & gas last year
Russia Russian investments focused increasingly on oil & gas last year Russian investments focused increasingly on oil & gas last year After years of contraction, Russia's total fixed i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Xi Jinping consolidates power; current economic policymakers passed over for inner circle posts
China* Xi Jinping consolidates power; current economic policymakers passed over for inner circle posts China’s seven-day National Congress of the Communist Party of China wound up on October 22. As ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Economic contraction has slowed down in Russia’s regions
Economic contraction has slowed down in Russia’s regions An on-year drop in retail sales was seen in nearly all of Russia’s federal districts in the first half (but less than in January-June 2015). I...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Exchange rate depreciation and poor foreign trade performance reduce international yuan use
Exchange rate depreciation and poor foreign trade performance reduce international yuan use SWIFT, the Society for Worldwide Interbank Financial Telecommunication, reports that in April the yuan was ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian output recovers, but consumption slump drags on
Russian output recovers, but consumption slump drags on Industrial output in November-December 2016 rose by about 3 % y-o-y. Growth was slightly over 1 % for all of 2016. Rosstat noted that its full-...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017