Print

BOFIT Weekly 2010

19.3.2010 BOFIT Weekly 11/2010 (PDF)
Russia
  • Persistent rate hikes for municipal services continue.
  • Impacts of global economic meltdown vary among CIS countries.
China
  • China’s 2009 state budget comes in on target.
  • China’s international arms exports on the rise.
  • China increases its share of Finnish foreign trade.
12.3.2010 BOFIT Weekly 10/2010 (PDF)
Russia
  • Innovation − Russia’s answer to economic modernisation.
  • Finland-Russia trade contracted sharply in 2009.
China
  • China again targets 8 % GDP growth for 2010.
  • Local administrations borrowing actively and raising China’s overall public debt.
5.3.2010 BOFIT Weekly 9/2010 (PDF)
Russia
  • Finance ministry pushing for return to tight fiscal policies.
  • Decisions postponed on investment in development of massive Shtokman gas field.
China
  • Yuan exchange rate still firmly pegged to the dollar.
  • Fixed capital investment and migration from the countryside seen as the biggest contributors to China’s productivity gains.
  • Share prices level off; daily trading volumes down.
26.2.2010 BOFIT Weekly 8/2010 (PDF)
Russia
  • January economic numbers offer little optimism.
  • CBR lowers key rates by a quarter of a percentage point; rouble under pressure to rise.
  • Banking sector growth flat-lined in 2009.
China
  • Land deals highly profitable for the state.
  • Chinese data show only marginal Finnish direct investment in China.
  • Other BRIC countries lag far behind China in international patent applications.
19.2.2010 BOFIT Weekly 7/2010 (PDF)
Russia
  • Gulf of Finland harbours playing greater role in Russian shipping.
  • Government moves to support single-enterprise towns.
China
  • PBoC continues to tighten its monetary stance.
  • Many cities and provinces increase their minimum wage definitions.
  • OECD: China still has plenty of room to implement sweeping reforms.
12.2.2010 BOFIT Weekly 6/2010 (PDF)
Russia
  • Stimulus to continue this year.
  • Viktor Yanukovich wins presidency of economically struggling Ukraine.
China
  • China’s smaller current account surplus last year helped ease global imbalances.
  • Foreign trade continued to recover in January despite rise in trade frictions.
  • Crisis turns China’s Russia trade balance negative.
5.2.2010 BOFIT Weekly 5/2010 (PDF)
Russia
  • Especially fixed capital investment posts sharp drop last year.
  • Grey economy slightly increases its contribution to GDP during the downturn.
China
  • China’s influence in iron ore and base metal markets heightened by financial crisis.
  • China’s coal imports exceptionally large in 2009.
  • Market capitalizations of energy companies in developing countries soar.
29.1.2010 BOFIT Weekly 4/2010 (PDF)
Russia
  • Reforms in the Russia’s banking sector.
  • Birth pangs for new Russia-Belarus-Kazakhstan customs union.
  • Russia and Belarus agree on oil supplies.
China
  • China rising as science superpower; huge growth in research activity.
  • China leads the world in car sales.
  • Record harvest in 2009.
22.1.2010 BOFIT Weekly 3/2010 (PDF)
Russia
  • Russia continued to manage trade and current account surpluses in 2009.
  • Capital exports from Russia fell in 2009; capital inflows turned positive in the fourth quarter.
  • Russia’s foreign indebtedness declined slightly in 2009.
  • Plans to develop Russia’s Far East.
China
  • China posted strong growth in 2009.
  • Inflation picks up.
  • Foreign currency reserves increased at near-record rate in 2009.
15.1.2010 BOFIT Weekly 2/2010 (PDF)
Russia
  • Economy ministry says Russian GDP contracted 8.5 % last year.
  • Economy ministry issues more upbeat 2010 forecast.
  • 2009 federal budget deficit smaller than expected; 2010 budget outlook brightens.
  • Moscow stock exchanges posted strong recovery last year.
China

  • China tightens monetary policy.
  • China’s exports and imports recover to pre-crisis levels.
  • Year starts with no big law changes, while introduction of new tort law looms.
8.1.2010 BOFIT Weekly 1/2010 (PDF)
Russia
  • CBR lowers interest rates again, inflation rate slowing.
  • Pensioners saw real increases even as wage growth stagnated in 2009.
China
  • China revises official figure for 2008 GDP growth upwards to 9.6 %.
  • 2009 a good year for Chinese stocks.
  • China’s 2009 exchange rate policy in review: dollar peg stayed firm as currency controls were relaxed.