THREE STORIES IN THE KEY OF: CHINA GOES TO THE MOVIES

THREE STORIES IN THE KEY OF: CHINA GOES TO THE MOVIES

Sometimes your Signal authors look to beat the July heat in an air-conditioned movie house. Then, bored with the latest summer blockbuster, it isn’t long before we’re scanning the screen for signs of political trends. Today, we check out three big stories from China’s summer movie season.


First, Hollywood has long wanted a bigger slice of China’s movie market, already the world’s second largest. US producers want more American films allowed into China and a bigger cut of the box office. But like every other aspect of the current US-China trade relationship, things aren’t moving forward. Why are American movies especially vulnerable to the growing trade war? They’re one of the very few products China imports from the US at much higher values than the US imports from China. Tough luck for Tinsel Town.

Second, we learned this week that high-budget Chinese films can do “box office belly flops” worthy of the worst of their US counterparts. A fantasy epic based on Tibetan mythology called “Asura,” with a more than $100 million price tag, reportedly the most expensive movie ever produced by China’s film industry, opened on July 13 (pictured above). It offered big-name stars and stunning visual effects, but the film’s opening weekend brought in just $7 million, and the film quickly disappeared from theaters without explanation. It appears China’s movie-going middle class is looking for something that hits a little closer to home. Looks like they’ve found it...

Third, on July 5, a much lower budget film opened in China to greater success. “Dying to Survive” is a black comedy about a man who sells oils he claims can cure erectile dysfunction. Faced with the suffering of a desperate leukemia patient, he organizes a motley crew of smugglers to help obtain a life-saving drug at affordable cost from India. This comedy about high drug prices won a standing ovation and raves at last month’s Shanghai Film Festival, and it now looks bound for box office glory.

The bottom line: China’s fast-growing film industry is beginning to reflect the pressures facing the country and its people.

We pay little attention to the waves of the sea, yet they are the greatest unused source of renewable energy in the world. Meet ISWEC and Power Buoy, two interesting new technologies used to harness this energy. Learn more about the extraordinary power of waves in this episode of Eni's Energy Shot series, where we investigate interesting facts and trends about energy.

Ukraine is once again in a tough spot.

More Show less

Vaccine nationalism, where countries prioritize their own citizens before the rest of the world, has been effective for rich nations like the United States and Israel. But leaving behind so much of the global population isn't just a humanitarian issue. It could prolong the pandemic, according to the World Health Organization's Chief Scientist, Dr. Soumya Swaminathan, who argues that what the global vaccination effort most urgently lacks are doses, not dollars. In a wide-ranging interview with Ian Bremmer on GZERO World, she calls for a large increase in the global vaccine supply in order to prevent the rise of more dangerous and vaccine-evading super-variants. She also weighs in on a controversial new WHO report investigating the origins of COVID-19 and suggests we may be seeing alternative vaccine forms, like nasal sprays, sooner than we think.

Listen: Soumya Swaminathan calls for a massive increase in the global vaccine supply in order to prevent the rise of more dangerous and vaccine-evading super-variants, in a wide-ranging interview with Ian Bremmer on the GZERO World podcast. Dr. Swaminathan, Chief Scientist at the World Health Organization, argues that vaccine nationalism, where countries prioritize their own citizens ahead of the rest of the world, will only prolong the pandemic because a virus does not stop at any national border. She also weighs in on a controversial new WHO report investigating the origins of COVID-19 and discusses when she thinks the world's children should get vaccinated. In addition, she suggests we may see alternative vaccine forms, like nasal sprays, sooner than we think.

Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform to receive new episodes as soon as they're published.

India, the world's third largest emitter of carbon dioxide, is one of the countries worst affected by climate change. But it takes issue with those now asking it to clean up its act. Why, the Indians ask, should we give up our right to get rich by burning fossil fuels like you developed economies have done for generations?

That's precisely the message that India's energy minister had for the US and other wealthy nations at a recent Zoom summit after they pressured Delhi to set a future deadline for net zero emissions. For India, he explained, such targets are "pie in the sky" aspirations that do little to address the climate crisis the country faces right now.

More Show less

The Beijing 2022 Winter Olympics are nearly a year away, but discussion of a potential boycott is already stoking tensions on both sides of the US-China relationship. Officials in Washington and other Western capitals are coming under mounting pressure from activists to respond to human rights abuses in China. An increasingly assertive Beijing, meanwhile, vigorously rejects any foreign criticism of what it regards as internal issues.

The last time the US boycotted an Olympics was in 1980, when it withdrew from the Summer Olympics in Moscow to protest the Soviet Union's invasion of Afghanistan. Four years later, the Soviet Union repaid in kind by skipping the Games in Los Angeles. Would the US and its allies do something like that again? And how might China respond? Eurasia Group analysts Neil Thomas and Allison Sherlock explain the drivers of the boycott movement and its possible fallout.

More Show less

In two weeks, US President Joe Biden will be hosting an online "climate summit" to mark Earth Day. He'll ask China and India to sign up to America's ambitious new plan to slow down climate change. Will they go for it? China is the world's largest polluter, but Beijing is rolling out solar and wind power as fast as it's burning coal. India, meanwhile, is loathe to pick up the slack for rich countries that polluted their way to wealth and now want everyone else to agree to emissions cuts. No matter what happens, any successful plan to reduce global emissions will require buy-in from these three nations which, along with the European Union, account for almost 60 percent of global carbon dioxide emissions nowadays. Here's a look at emissions by the world's top polluters compared to everyone else over the last two decades.

Two big Andean elections: This Sunday, Ecuadorians go to the polls for the second time this year in a close presidential runoff, while Peruvians will vote in the first round of their own presidential election. In Ecuador, the matchup is between the leftwing-populist frontrunner Andrés Arauz, who has pledged to blow up the country's IMF agreements and boost national oil production, and Guillermo Lasso, a pro-business candidate who is seen as the choice of continuity with the current market-friendly government. Voter abstention is likely to be high, and the final result could very well be close and contested in a polarized country that was struggling with massive social unrest even before the pandemic struck. Meanwhile in Peru — which recently went through three presidents in the space of a week — the candidate field is hugely fragmented. Those with a decent shot to make it to the second round include "change" candidates like the leftist former lawmakers Yohny Lescano and Verónica Mendoza, as well as the prominent neoliberal economist Hernando De Soto, who has recently risen in the polls. Former soccer star George Forsyth is also in the mix, as is Keiko Fujimori, daughter of authoritarian former president Alberto Fujimori. Both of this Sunday's elections will serve as a kind of bellwether for the political mood in a region that has been devastated by the public health and economic impact of the pandemic.

More Show less

Subscribe to GZERO Media's newsletter, Signal

The GZERO World Podcast with Ian Bremmer. Listen now.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal