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What We Are Watching: China’s National Outrage Machine

What We Are Watching: China’s National Outrage Machine

China's outrage against Swiss bankers – Paul Donovan, an economist at UBS and a former colleague of your Wednesday Signal author, ended up in hot water last week after he wrote that an outbreak of swine fever that had pushed up pork prices in China, "matters if you are a Chinese pig. It matters if you like eating pork in China. It does not really matter to the rest of the world." The Swiss bank put Donovan on leave after a nationalist tabloid picked up the story, unleashing a torrent of invective from angry Chinese citizens, industry groups, and clients. Although we're a bit puzzled at the intensity of the outrage, we're following this story closely. The anger of 1.4 billion people is a powerful thing, and if the US-China standoff over tech and trade continues to escalate, US firms could soon find themselves on the receiving end.

What we are ignoring: Trump on ICE

Trump's Deportation Threats – As Donald Trump revved up his official reelection campaign in Florida on Tuesday, he took to Twitter to vow mass deportations of "millions of illegal aliens" starting next week. We are ignoring this for two reasons: First, it looks more like a campaign trail stunt than a well-thought-out plan — the scale of deportations Trump envisions would require massive logistical coordination, and it's not clear that Immigration and Customs Enforcement (ICE) can deliver it — even if the federal force got help from local police, who may be reluctant to participate in mass arrests in their communities. Second, while this type of rhetoric may play directly to Trump's base, images of crying children torn from their parents will galvanize the president's opponents — and, in particular, the suburban women crucial to his 2016 victory. We're not ignoring the pain and trauma that mass deportations would inflict on immigrant communities if Trump delivers on this threat. We're ignoring a boast that's likely to prove a political bust.

Pop quiz: what percentage of plastic currently gets recycled worldwide? Watch this video in Eni's Energy Shot series to find out and learn what needs to be done to prevent plastic from ending up in our oceans. Plastic is a precious resource that should be valued, not wasted.

Ten years ago this week, a powerful earthquake off the coast of eastern Japan triggered a tsunami that destroyed the Fukushima nuclear plant, resulting in the world's worst nuclear disaster since Chernobyl in 1986. A decade and dozens of decommissioned reactors later, nuclear energy still supplies about 10 percent of global electricity, but its future remains uncertain amid post-Fukushima safety concerns.

As more countries pledge to curb emissions to mitigate climate change, nuclear could serve as a clean(ish) and reliable source of energy. But investing more in nuclear comes with tradeoffs.

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This Monday, March 8, is International Women's Day, a holiday with roots in a protest led by the Russian feminist Alexandra Kollontai that helped topple the czar of Russia in 1917. More than a hundred years later, amid a global pandemic that has affected women with particular fury, there are dozens of women-led protests and social movements reshaping politics around the globe. Here we take a look at a few key ones to watch this year.

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Ian Bremmer's Quick Take:

Hey everybody. Ian Bremmer here. Welcome to your week, life looking better every day in the United States, coronavirus land. But I thought I'd talk about, this week, all of this cancel culture that everyone's talking about right now. If you're on the wrong political side, your opponents are trying to shut you down and you take massive umbrage. I see this everywhere, and it's starting to annoy.

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"Apocalyptic" protests in Senegal: At least five people have been killed in clashes with police as protests over poverty, unemployment, and the jailing of a popular politician rock the West African nation of Senegal. Ousmane Sonko, who heads the opposition Movement to Defend Democracy (M2D) and is considered the most viable challenger to current president Mackie Sall, was accused of rape in February and arrested last week. Sonko says the charges are a politically motivated attempt to remove him from politics before the 2024 presidential election. His supporters immediately hit the streets, voicing a range of grievances including joblessness and poverty. Though youth unemployment has fallen over the past decade, it still exceeds eight percent and close to two-thirds of the country's 16 million people are under the age of 25. As Sonko supporters pledge to continue protests this week, Senegal's head of conflict resolution says the country is "on the verge of apocalypse."

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