China critical to resolving global climate issues
China critical to resolving global climate issues The United Nation’s COP28 opened on Thursday (Nov. 30) in the city of Dubai in the United Arab Emirates. This year’s 2-week event (Conference of the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Covid surges in China, economic implications unclear
#China Covid surges in China, economic implications unclear Chinese policymakers abruptly abandoned their strict zero-covid policy in early December as the futility of an all-out suppression strateg...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Funding deficit threatens pension system; China must move ahead with reforms
China Funding deficit threatens pension system; China must move ahead with reforms Funding deficit threatens pension system; China must move ahead with reforms China’s pension system needs reform t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Many Chinese provinces failed to hit their GDP targets last year
Many Chinese provinces failed to hit their GDP targets last year China’s National Bureau of Statistics (NBS) reports that GDP growth last year varied in the range of 4–6 % at most of the provinc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia’s economic downturn is felt in government budget revenues; military spending soars
Russia Russia’s economic downturn is felt in government budget revenues; military spending soars Nominal federal budget revenues were up by 34 % y-o-y in the first four months of 2022. Revenue ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Foreign investment by Chinese firms remained depressed last year
China Foreign investment by Chinese firms remained depressed last year UNCTAD figures put the value of global foreign direct investment (FDI) in 2021 at just over 1.7 trillion dollars. It represente...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Trends weakened in many branches of the Russian economy in March
Russia Trends weakened in many branches of the Russian economy in March The economic disruption from Russia’s war on Ukraine and Western economic sanctions was reflected immediately in Russia’s fina...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
United States wants to resume trade talks with China
China United States wants to resume trade talks with China On Monday (Oct. 4), US trade representative Katherine Tai outlined preliminary targets for the Biden administration’s China trade policy. T...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Latest BOFIT Forecast for China sees GDP growth falling below pre-pandemic levels in 2022 and 2023
China Latest BOFIT Forecast for China sees GDP growth falling below pre-pandemic levels in 2022 and 2023 Our most recent Forecast for China 2021–2023, published last week, sees China’s on-year GDP g...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China sees across-the-board economic slowdown in July
China China sees across-the-board economic slowdown in July Real industrial output rose by 6.4 % y-o-y in July, a distinct drop from previous months when growth rates were still partly raised b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China now has the world’s second largest bond market after the US
China now has the world’s second largest bond market after the US China’s bond markets have grown remarkably in recent years. The value of corporate, financial and government bonds on issue climbed t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Finland-China relations defined by continuity and economic cooperation
Finland-China relations defined by continuity and economic cooperation At the start of June, Finland’s Ministry of Foreign Affairs released the Finnish government’s second action plan for China. Finl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Covid crisis reduces Russian real incomes to lowest level in a decade
Russia Covid crisis reduces Russian real incomes to lowest level in a decade The real disposable incomes of Russian households were down by nearly 5 % in the first quarter of this year compared...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Rapid housing loan growth in Russia continues
Russia Rapid housing loan growth in Russia continues The growth in mortgage lending accelerated in the first three months of this year. In March alone, banks granted new housing loans worth a total ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China slightly tightens monetary stance to cool lending growth
China China slightly tightens monetary stance to cool lending growth Although policy rates are still unchanged, the People’s Bank of China has begun to use other instruments in its monetary toolkit ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian government spending in stimulus mode last year
Russian government spending in stimulus mode last year Consolidated budget revenues declined last year by only about 3 % in nominal terms (the consolidated budget comprises federal, regional and...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
IMF’s annual Article IV consultation with Russia raised a wide range of economic issues
IMF’s annual Article IV consultation with Russia raised a wide range of economic issues The expert mission conducting the International Monetary Fund’s latest Article IV Consultation projects the Rus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia-US economic relations unlikely to improve under the new US administration
Russia Russia-US economic relations unlikely to improve under the new US administration The long-prevailing modest state of economic relations between Russia and the United States has been further c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian government budget revenues decline precipitously, spending soars
Russia Russian government budget revenues decline precipitously, spending soars Revenue streams to the consolidated budget, an aggregate of federal, regional and local budgets plus state social fund...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Shifts in revenues and expenditures eat away Russia’s federal budget surpluses
Russia Shifts in revenues and expenditures eat away Russia’s federal budget surpluses As in 2015 and 2016, federal budget revenues from the production taxes and export tariffs of the oil and gas sec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020