What We're Watching: The NBA's Double Dribble With China

What We're Watching: The NBA's Double Dribble With China

The NBA and the PRC – When the world's largest consumer market is also an opaque, highly nationalistic autocracy, global businesses have to walk a fine line between their values and their valuations. The latest example comes from the world of basketball. Over the weekend, the general manager of the Houston Rockets, a team in the US-based National Basketball Association (NBA), posted an image on Twitter in support of the Hong Kong protesters, who are currently fighting pitched street battles against the Chinese state. But after Chinese sponsors and state broadcasters immediately pulled the plug on Rockets games, the NBA issued a statement distancing itself from the post and apologizing for any offense it had caused in China. That contrasted markedly with the NBA's more supportive stance of its players' views on social justice issues in the US. The cold math here isn't hard – China is a billion-strong basketball-crazed market whose leaders, and people, are touchy about outside criticism. But should the NBA use its platform to speak out on global issues like this? What do you think?


Fresh Protests Against Lenin – Ecuador has been rocked by increasingly violent protests and strikes in recent days as people take to the streets to vent their anger about higher prices for gas and other consumer goods. President Lenin Moreno was once a devoted vice president to the socialist leader Rafael Correa, but since winning the presidency himself in 2017 he has pursued austerity policies (lower spending, higher taxes, fewer government jobs) designed to rein in the country's debt and stabilize the economy with IMF help. A recent decision to abolish fuel subsidies provoked the current unrest. In addition to cracking down on the protests, the government has been arresting shopkeepers for overcharging people for staple foods subject to price controls. A two-month state of emergency has been declared.

North Korea-US Talks Back on Ice – Evidently it took all of 8.5 hours for the latest round of nuclear talks between Washington and Pyongyang to break down. Ahead of the weekend talks in Sweden, things seemed to be promising: for one thing, the White House no longer employs John Bolton, who ferociously opposed talks with North Korea. For another, the US reportedly arrived with a proposal to lift some sanctions for 36 months in exchange for the verifiable closure of North Korea's main nuclear facility. But the North Koreans, who insist on a full removal of sanctions, said the meetings were "sickening." The US now has two weeks to come back to Sweden with something more appetizing. President Trump seems to want another summit with Kim Jong-un before the 2020 election, but – as with several other outstanding foreign policy issues – time is running out to seal a "deal" that he can point to in his campaign.

What We're Ignoring

Putin Picking Mushrooms – Russia's president spent the days leading up to his 67th birthday hiking through southern Siberia's rugged and richly forested landscapes with Defense Minister Sergei Shoigu. Just two ordinary fellas enjoying the bounty of nature. Putin's vacation pictures are always carefully choreographed by Kremlin imagemakers (imedzhmeikerstvo is a real word in Russian), so there is clearly a political point to portraying Putin in this way. But we are ignoring this because we preferred the ones where he drove a Formula 1 car, shot a tiger, or disguised himself as a mommy Siberian white crane in order to lead a flock of the endangered birds on migration.

Building on its previous commitment, Walmart is investing an additional $350 billion in products made, grown and assembled in America - supporting more than 750,000 new jobs by 2030. This pledge will aim to avoid more than 100M metric tons of CO2 emissions, advance the growth of U.S. based suppliers, and provide opportunities for more than 9,000 entrepreneurs to become Walmart suppliers and sellers through Walmart's annual Open Call.

China's GDP grew a lower-than-expected 4.9 percent year-on-year in the third quarter of 2021, a whopping three percentage points less than in the previous period. It's a big deal for the world's second-largest economy, the only major one that expanded throughout the pandemic — and now at risk of missing its growth target of 6 percent for the entire year.

Normally, such a drastic slowdown would have put the ruling Communist Party in a tizzy. But this time, Xi Jinping knows this is the price he must pay for his big plans to curb rising inequality and boost the middle class at the expense of the CCP's traditional economic mantra: high growth above all else.

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Ian Bremmer's Quick Take:

Read Ian Bremmer's wide-ranging essay in Foreign Affairs that puts in perspective both the challenge, and the opportunity, that comes from the unprecedented power of Big Tech.

Hi, everybody. Ian Bremmer here on the road, something we haven't done very much recently, but will increasingly as we try to move through COVID. And I want to talk to you about a new article that I just put out in Foreign Affairs that I'm calling "The Technopolar Moment." Not unipolar, not bipolar, not multipolar, technopolar. What the hell does technopolar mean?

It means that increasingly big technology companies are themselves geopolitical actors. So to understand the future of the world, you can't just look at the United States, Europe and China. You need to look at the big tech companies, too.

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China gets away with a lot these days in Hong Kong, Xinjiang, and elsewhere. That's because over the past decade, its economy has experienced explosive growth, making it an indispensable trading partner for almost every country in the world. At the same time, China has been expanding its share of the global economy, and is now set to overtake the US as the world's biggest economic powerhouse in the near term. We take a look at China's annual growth rate and share of the global economy based on GDP over the past decade.

The European Union is, for better or worse, the most ambitious experiment in human history in institutionalized multinational cooperation. Its success depends on the willingness of its members to abide by its rules.

In recent years, the populist-nationalist governments of former Communist bloc members Hungary and Poland have flouted some of those rules in order to boost their own popularity with citizens suspicious of the EU's liberal values on issues like immigration and minority rights. In response, the EU has scolded these "illiberal" governments and threatened forceful action – so far without much effect.

The fight between EU institutions and Poland and Hungary has escalated.

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Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, shares insights on US politics:

What is the legacy of Colin Powell?

Former Secretary of State Colin Powell tragically died of complications of COVID-19. He was the first Black Chairman of the Joint Chiefs of Staff, the first Black National Security Advisor and the first Black Secretary of State. And he leaves a legacy of a long career, dedicated almost entirely to public service.

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Can this guy defeat Viktor Orban? Hungary's opposition movement of odd bedfellows has finally settled on the person they think has the best chance of defeating PM Viktor Orbán at the ballot box: Péter Márki-Zay, a politically conservative small-town mayor from southeastern Hungary, who beat out left-leaning European Parliament member Klara Dobrev in a weekend poll. Márki-Zay has a lot going for him: as a devout Catholic and father of seven it will be hard for the ultraconservative Orbán to paint him as a progressive threat, even as Márki-Zay reaches out to reassure left-leaning groups that he will protect LGBTQ rights. What's more, Márki-Zay has little political baggage: until recently he was a marketing executive. But can the relatively inexperienced Márki-Zay keep the various opposition factions happy? The stakes couldn't be higher: since taking power more than a decade ago, Orbán has deliberately made Hungary into an "illiberal" state, cracking down on the press, undermining the rule of law, and clashing with the EU. Bonus: if Márki-Zay stays in the news, you get to say "Hódmezővásárhely" the name of the city he currently runs.

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5,600: Myanmar's military junta will release from prison 5,600 people who were jailed for protesting against last February's coup. The gesture, the biggest act of amnesty since the junta took power, comes just days after the Association of Southeast Asian Nations, which rarely interferes in members' internal affairs, said it would exclude the head of Myanmar's military from an upcoming regional meeting.

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Colin Powell's legacy

US Politics

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