China posts relatively weak August growth figures; housing construction decline continues
China China posts relatively weak August growth figures; housing construction decline continues The main monthly indicators for the Chinese economy show that growth strengthened in August relative t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia’s federal budget sees exceptional drop in revenues in July; spending continues to rise
Russia Russia’s federal budget sees exceptional drop in revenues in July; spending continues to rise Federal budget revenues in July declined by 25 % from a year earlier. Tax revenues from oil ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
President Xi Jinping sets out China's goals in opening address to party congress
China President Xi Jinping sets out China's goals in opening address to party congress President Xi Jinping sets out China's goals in opening address to party congress The Communist Party o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
As the latest covid wave hits China, the government makes adjustments to covid rules
China As the latest covid wave hits China, the government makes adjustments to covid rules The number of confirmed covid cases has soared in recent weeks. The average daily number of confirmed covid...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
China drops “clean coal” to attract foreign investors to green bond markets
China China drops “clean coal” to attract foreign investors to green bond markets With environmental friendliness part of China’s official growth strategy, the state has been actively developing and...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian manufacturing shrank 5 % last year
Russian manufacturing shrank 5 % last year The production of basic necessities seems to be performing best among manufacturing branches. The ruble’s devaluation has boosted prices of imported goods, ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Number of defaults of Chinese companies on dollar-denominated bonds already exceeds all of 2019
China Number of defaults of Chinese companies on dollar-denominated bonds already exceeds all of 2019 The international credit rating agency Fitch reports that nine Chinese companies as of end-July ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Inflation in China slows, central bank promises additional stimulus
China Inflation in China slows, central bank promises additional stimulus Consumer price inflation in China fell by a percentage point to 3.3 % in April, while producer price deflation accelera...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China shifts focus from fighting covid to economic stimulus
China China shifts focus from fighting covid to economic stimulus The number of new reported cases of covid-19 infections in China has declined significantly in recent weeks. Officials claim that da...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Recovery in Russian fixed investment
Russia Recovery in Russian fixed investment Recovery in Russian fixed investment The volume of fixed investmentrose by well over 6 % y-o-y in the second quarter. For the first half, growth was near...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
National Welfare Fund divests its dollar assets
Russia National Welfare Fund divests its dollar assets Finance minister Anton Siluanov told at the St. Petersburg International Economic Forum (June 2–5) that Russia plans to divest its liquid dolla...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Rapid increase in indebtedness in China continues on many fronts
Rapid increase in indebtedness in China continues on many fronts China’s booming credit growth shows no signs of abating. The stock of yuan loans grew 13 % y-o-y in August. With slowing corporate inv...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia posted good economic growth in 4Q21; manufacturing particularly strong
Russia Russia posted good economic growth in 4Q21; manufacturing particularly strong Russia’s economy ministry released estimates for the recovery of GDP from the 2020 recession. In the fourth quart...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
China publishes guidance document on its climate goals, making joint plans also with the United States
China China publishes guidance document on its climate goals, making joint plans also with the United States China released its climate policy framework in October. The “1+N” reference framework set...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Chinese decision-makers struggle with conflicting policy goals
Chinese decision-makers struggle with conflicting policy goals Reaching an official 6.5 % growth target, slowing the rising tide of indebtedness and moving forward with structural reforms needed for ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China increases surveillance of large technology firms through anti-monopoly law
China China increases surveillance of large technology firms through anti-monopoly law China has had anti-monopoly legislation to prohibit the abuse of market power for over a decade, but instances ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China and EU reach agreement on investment
China China and EU reach agreement on investment After roughly seven years of talks, China and the EU said late last month that they are nearing completion of a comprehensive agreement on investment...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
On-year growth in retail sales slowed further in August
China On-year growth in retail sales slowed further in August Real on-year growth in retail sales fell to just 0.9 % in August, a rate so low that average two-year annualised growth turned slig...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
PBoC tightens monetary stance; policy toolbox needs clarity
PBoC tightens monetary stance; policy toolbox needs clarity With the reopening of China's financial markets after the Chinese New Year Holiday, the People's Bank of China applied slightly hig...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
China’s sudden rule changes cause headaches for investors and corporate management
China China’s sudden rule changes cause headaches for investors and corporate management China decided in June to implement a new data security law that applies broadly to the handling and processin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021