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Lunar New Year prep puts China’s economic woes on display, Ukraine replaces its top military general͏‌  ͏‌  ͏‌  ͏‌  ͏‌  ͏‌ 
 
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February 9, 2024
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Flagship

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The World Today

  1. Lunar New Year begins
  2. US unlikely to bar Trump
  3. India’s fintech meltdown
  4. Gemini goes live
  5. Ukraine’s new top general
  6. HK activists in peril
  7. Backlash to Germany’s AfD
  8. Bolsonaro in trouble
  9. Slack turns 10
  10. Dumping on Everest

Our first WeChat Window, and a Bhutanese comedy about democracy.

1

Holiday highlights troubled economy

REUTERS/Florence Lo

China’s domestic economic troubles shined through as businesses across parts of Asia began shutting down on Friday for the week-long Lunar New Year holiday. While typically one of the quietest periods in the region, Chinese government officials announced they would take steps to ensure factories continued “maintaining stable production” amid the celebrations. Consumers are also spending less on pork and other expensive foods typically associated with Lunar New Year, while barbers are charging less than usual for the haircuts that people get during the run-up to it. (Many people in China believe it’s bad luck to get a haircut during the first month of the lunar calendar.)

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2

Court likely to side with Trump

REUTERS/Mike Segar

The U.S. Supreme Court signaled it will keep former President Donald Trump on the presidential ballot and reject a challenge to his candidacy. During a hearing ahead of a formal ruling, both liberal and conservative justices expressed “deep skepticism” that a single state can bar a presidential candidate from running, NBC News wrote. Colorado’s highest court previously ruled that Trump engaged in an insurrection after his 2020 loss, and therefore should be barred from appearing on the ballot. Meanwhile, President Joe Biden, Trump’s likely opponent in November, will not face criminal charges for willfully holding on to classified documents, according to a special counsel report that described him as a “well-meaning, elderly man with a poor memory.”

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3

India deals blow to top fintech firm

One of India’s largest financial technology firms is reportedly scrambling to negotiate with top government officials after the Reserve Bank of India ordered it to stop accepting deposits at the end of the month. The RBI didn’t disclose why it chose to crack down on Paytm, which runs a digital wallet platform that over 300 million Indians use to transfer funds, pay bills, and make purchases. Media reports alleged the company failed to combat issues like money laundering and fake accounts, which Paytm denied. The scandal “has shown India’s world-leading fintech sector for the adolescent it is,” Bloomberg’s Menaka Doshi wrote. “Hungry for growth, but dismissive of process.” Paytm customers are now trying to spend their remaining balances and switch to other banks.

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4

Google rebrands, monetizes chatbot

Beata Zawrzel/NurPhoto via Getty Images

Google began its attempt to monetize generative artificial intelligence Thursday, integrating a paid version of its latest system, Gemini, into productivity tools like Gmail and Docs. It’s also rebranding, with the existing Bard and Duet AI tools disappearing, replaced by Gemini. But the big change will be a $20-a-month paid tier, allowing users access to the most powerful version of Gemini to help them organize spreadsheets, draft emails, and so on. “Search has been [Google’s] most important product by a mile,” The Verge wrote, but the changes “signal that Gemini might matter just as much.” They also upped the stakes of Google’s consumer AI battle with OpenAI partner Microsoft; ChatGPT introduced a paid subscription tier a year ago.

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5

Ukraine appoints controversial general

Oleksandr Syrsky. Anastasia Vlasova for The Washington Post via Getty Images

Ukrainian President Volodymyr Zelenskyy fired his top military general and replaced him with the ground forces commander, Oleksandr Syrsky. Syrsky is said to be unpopular with troops: Some soldiers feel he is too willing to risk lives on the frontline, and the Financial Times’ Ukraine correspondent reported that some have nicknamed him “the butcher.” But other army leaders see him as the best choice and “the most experienced general Ukraine has,” according to The Economist’s Oliver Carroll. The widely expected dismissal of the previous head of the military, Valerii Zaluzhnyi, represents the most high-profile leadership change in Kyiv since Russia’s invasion nearly two years ago.

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6

Another setback for HK activists

Pro-democracy activists Joshua Wong and Agnes Chow. Tommy Walker/NurPhoto via Getty Images

Hong Kong authorities announced that exiled human rights activist Agnes Chow would be “pursued for life” as the city looks to further tighten the national security regulations she protested. Chow was jailed in 2019 on foreign collusion charges for her role in pro-democracy demonstrations that rocked Hong Kong, and she later fled to Canada after being released. The city’s democracy supporters have experienced several recent major setbacks: In January, Hong Kong’s top court reinstated an activist’s conviction for organizing a vigil commemorating the 1989 Tiananmen Square massacre. Meanwhile, city leaders said last week they would look to further clamp down on dissent by expanding a Beijing-imposed national security law that had initially sparked the 2019 protests.

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7

Growing backlash to Germany’s far-right

Germany’s hard-right, anti-immigration AfD party is facing growing public backlash. Days after over 100,000 people protested the party in the streets of Berlin, a regional court classified the AfD’s youth faction as an “extremist movement,” and Germany’s finance minister also warned the party’s rise posed a threat to international investment. Amid increased signs that the AfD and other extremist parties could be successful in elections across Europe this year, Germans have begun taking to the streets “almost every evening,” Der Spiegel wrote. The demonstrations come as members of the AfD youth faction reportedly discussed putting Jewish people in ghettos.

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8

Bolsonaro coup probe intensifies

REUTERS/Ueslei Marcelino

Former Brazilian President Jair Bolsonaro’s plot to stay in power after he lost his 2022 reelection bid was more elaborate than previously known, police said Thursday. Bolsonaro was ordered to turn over his passport and was named as a target in an attempted coup investigation. Brazilian law enforcement officials told The Washington Post that he tried to coordinate with military leaders and made plans for a possible government takeover. Bolsonaro, who denies the allegations, has faced a flurry of probes since leaving office, but he remains a popular figure among right-wing voters on the internet in Brazil, AFP reported. His digital dominance could play a part in the country’s local elections this year.

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9

Ten years of Slack chats

Stephen Lam/Getty Images

Slack, an office communication tool used by nearly 80% of Fortune 100 companies, turned 10 this week. Slack lets corporate office workers communicate through direct messages and posts in group chats visible to entire teams, reducing their reliance on email. The Salesforce-owned app “allowed conversations to follow us anywhere, like when you get a notification at 10 p.m. that your boss has sent you a DM,” Wired’s Gadget Lab podcast observed. It brought a social-media ethos to corporate life, for better and for worse. At companies big and small, it was at the center of employee revolts, and a frequent place where executives quickly dashed off controversial or off-color remarks that eventually came back to bite them.

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10

Crappy new Mount Everest rule

Climbers trekking up Mount Everest will have to bring their feces back down with them. The world’s tallest mountain is an increasingly popular tourist destination, with about 500 foreigners gaining permits to attempt the climb in 2023. They will now be provided with bags to carry their excrement throughout the journey. There are no toilet facilities past Base Camp, and the trail from there to the summit takes weeks. In the sub-zero Himalayan conditions, the stools do not decompose properly, and one sherpa estimated that there are three tons of human excrement on the mountain. Everest is undergoing commodification, as it were.

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Flagging
  • Feb. 9: The Urban Asia and Asian Futures symposium at Arizona State University concludes.
  • Feb. 10: Taylor Swift completes the Tokyo leg of her Eras Tour before heading to Las Vegas, where she will watch her boyfriend Travis Kelce play for the Kansas City Chiefs in the Super Bowl.
  • Feb. 10: The last day people can visit Hong Kong’s iconic flower markets that open annually the week before Lunar New Year, with vendors offering street food, festive decorations, and auspicious plants such as mandarin trees.
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WeChat Window

WeChat is the center of the Chinese internet — powering everything from messaging to payments — and the main portal where China’s news outlets and bloggers publish their work.

Family drama

Saturday is the start of Lunar New Year, a major holiday across parts of Asia marked by centuries-old traditions, never-ending plates of food, and reunions with family. But in China, at least, the “honeymoon period” during prolonged visits with relatives quickly comes to an end. Soon enough, siblings and parents begin bickering over trivial things, and “the difficulty of maintaining family love increases exponentially,” a blogger who uses the pseudonym Chen Xiaoshui wrote for Sanlian Lifeweek Magazine.

There’s one topic many young people in China are particularly dreading discussing with family this year: their career plans. College graduates in the country are struggling to find jobs across the board, but parents often believe their children’s personal shortcomings are to blame for their poor job prospects. “No matter how much you prove to yourself that ‘I have grown up,’ it does not work for them and is not what they see in their own eyes,” one of Chen’s friends said.

Digital luck

One of the most important traditions of Lunar New Year is the exchange of hóng bāo, red envelopes filled with cash given to friends and family as a symbol of good luck. The practice has been digitized, and platforms like WeChat are now the default way to send loved ones red envelopes. But as tech blog PCOnline notes, the “free” feature for delivering one on WeChat — which actually costs 14 cents — is a lucrative business. Some 4 billion hóng bāo were sent through the app last year, pulling in an estimated $562 million for Tencent, WeChat’s parent company.

Digital hóng bāo are also becoming an important marketing push for businesses and social media influencers, the blog noted. Internet stars often show appreciation to their followers during Lunar New Year by gifting red envelopes during livestreams, and global brands like Gucci and Tiffany are now sponsoring some of the broadcasts. These collaborations “trigger a rush of fans” to the brands’ websites, boosting traffic more than 100% above normal rates.

Goodbye to Japan’s ‘godmother’

Yoko Abe — mother of the late Japanese Prime Minister Shinzo Abe, and daughter of post-war Prime Minister Nobusuke Kishi — was known as Japan’s “godmother” for supporting a long lineage of nationalist political leaders. When she passed away this week, the news immediately made headlines in Taiwan, where President Tsai Ing-wen and President-elect Lai Ching-te both expressed their condolences in Japanese. Many mainland political analysts questioned why Taiwanese leaders chose to celebrate Abe, whose family’s politics they argued facilitated war crimes on the island during World War II.

The foreign affairs blog yǒu lǐr yǒu miàn, or “having both reason and face” — a Chinese idiom used to refer to people who are both logical and socially adept — provided one explanation. Its anonymous author argued that while Yoko Abe’s family historically oppressed Taiwan, her son’s nationalist platform was rooted in anti-China sentiment. Shinzo Abe’s foreign policy actively helped promote Taiwan’s sovereignty, which Tsai and Lai’s Democratic Progressive Party also supported. The post argued this shared agenda is evidence of Japanese foreign influence in Taiwan, meaning for the DPP, Yoko Abe’s death is like losing a “biological mother.”

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Curio
Roadside Attractions

A new comedy about a tiny South Asian country includes some “subtle pointed barbs about American politics,” The Washington Post wrote. The Monk and the Gun chronicles how Bhutan transitioned from a monarchy to a parliamentary democracy system in 2008. The main conflict isn’t between the candidates running for office, but between rural mountain villagers and election officials who arrive from the capital to convince them to vote. One villager asks an American visitor for tips on the peaceful transfer of power because he comes from “the land of Lincoln and JFK.”

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