Geopolitics

Antarctic Rescue, Cyclone Bejisa, Robber v. Broom

Cyclone Bejisa makes landfall
Cyclone Bejisa makes landfall
Worldcrunch

ANTARCTIC SHIP RESCUE
An operation to rescue the passengers of the Russian ship Akademik Shokalsky was launched this morning, as a Chinese helicopter attempts to ferry tourists and scientists to an Australian ice-breaker, Russia Today reports. The Shokalksky has been trapped in ice since Christmas eve and several evacuation attempts had failed due to poor weather conditions. By midday, CNN reports that all 52 passengers had been successfully rescued.

STATE OF EMERGENCY IN SOUTH SUDAN
The head of the UN peacekeeping mission in South Sudan Hilde Johnson has called for an end to fighting between supporters of President Salva Kiir and those of his sacked deputy Riek Machar, BBC News reports. Meanwhile, Kiir declared a state of emergency in two of the country’s states on Wednesday, ordering the regular army to fight dissident rebels, according to the Sudan Tribune.

ARIEL SHARON’S HEALTH HAS SERIOUSLY DETERIORATED
The former Israeli Prime Minister Ariel Sharon remains in critical condition after his health seriously deteriorated this week, according to Haaretz. Prof. Zeev Rotstein of the Sheba Medical Center said that Sharon, who has been in a coma for the past eight years, “is suffering problems in a number of organs.” Another medical source said it could be “a matter of days” until he dies, if his condition continues to worsen.

RISING STOCKS AFTER FIAT’S TAKEOVER OF CHRYSLER
Shares for Fiat automaker rose in morning trading in Milan after news that it had struck a $4.35 billion deal to acquire full control of the Chrysler Group, the third largest American car manufacturer.

SCHUMACHER’S CONDITION “STABLE” BUT STILL “CRITICAL”
The German Formula 1 driving legend and seven-time world champion still lies between life and death at the University Hospital of Grenoble. Michael Schumacher’s press agent, Sabine Kehm, said on Wednesday that his medical condition was “stable, but remained critical”. Schumacher has undergone two operations since he fell into coma on Sunday after a skiing accident. The German tabloid Bild reported that the accident happened after Schumacher veered off the trail in an attempt to help the daughter of a friend who had fallen.

CYCLONE BEJISA
The French island of Reunion in the Indian Ocean has been put on red alert as it braces for the arrival of Cyclone Bejisa — the first tropical cyclone of the year.

GUN V. BROOM
Near Paris, this armed thief got kicked out of the bakery he tried to rob by a woman with a broom.

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Future

How China Flipped From Tech Copycat To Tech Leader

Long perceived as a country chasing Western tech, China's business and technological innovations are now influencing the rest of the world. Still lagging on some fronts, the future is now up for grabs.

At the World Semiconductor Conference in Nanjing, China, on June 9

SIPA Asia/ZUMA
Emmanuel Grasland

BEIJING — China's tech tycoons have fallen out of favor: Jack Ma (Alibaba), Colin Huang (Pinduoduo), Richard Liu (Tencent) and Zhang Yiming (ByteDance) have all been pressured by Beijing to leave their jobs or step back from a public role. Their time may be coming to an end, but the legacy remains exceptional. Under their reign, China has become a veritable window to the global future of technology.

TikTok is the perfect example. Launched in 2016, the video messaging app has been downloaded over two billion times worldwide. It has passed the 100-million active user mark in the United States. Thanks to TikTok's success, ByteDance, its parent company, has reached an exceptional level of influence on the internet.


For a long time, the West viewed China's digital ecosystem as a cheap imitation of Silicon Valley. The European and American media described the giants of the Asian superpower as the "Chinese Google" or "Chinese Amazon." But the tables have turned.

No Western equivalent to WeChat

The Asian superpower has forged cutting-edge business models that do not exist elsewhere. It is impossible to find a Western equivalent to the WeChat super-app (1.2 billion users), which is used for shopping as much as for making a medical appointment or obtaining credit.

The flow of innovation is now changing direction.

The roles have actually reversed: In a recent article, Les Echos describes the California-based social network IRL, as a "WeChat of the Western world."

Grégory Boutté, digital and customer relations director at the multinational luxury group Kering, explains, "The Chinese digital ecosystem is incredibly different, and its speed of evolution is impressive. Above all, the flow of innovation is now changing direction."

This is illustrated by the recent creation of "live shopping" events in France, which are hosted by celebrities and taken from a concept already popular in China.

10,000 new startups per day

There is an explosion of this phenomenon in the digital sphere. Rachel Daydou, Partner & China General Manager of the consulting firm Fabernovel in Shanghai, says, "With Libra, Facebook is trying to create a financial entity based on social media, just as WeChat did with WeChat Pay. Facebook Shop looks suspiciously like WeChat's mini-programs. Amazon Live is inspired by Taobao Live and YouTube Shopping by Douyin, the Chinese equivalent of TikTok."

In China, it is possible to go to fully robotized restaurants or to give a panhandler some change via mobile payment. Your wallet is destined to be obsolete because your phone can read restaurant menus and pay for your meal via a QR Code.

The country uses shared mobile chargers the way Europeans use bicycles, and is already testing electric car battery swap stations to avoid 30 minutes of recharging time.

Michael David, chief omnichannel director at LVMH, says, "The Chinese ecosystem is permanently bubbling with innovation. About 10,000 start-ups are created every day in the country."

China is also the most advanced country in the electric car market. With 370 models at the end of 2020, it had an offering that was almost twice as large as Europe's, according to the International Energy Agency.

Photo of a phone's screen displaying the logo of \u200bChina's super-app WeChat

China's super-app WeChat

Omar Marques/SOPA Images/ZUMA

The whole market runs on tech

Luca de Meo, CEO of French automaker Renault, said in June that China is "ahead of Europe in many areas, whether it's electric cars, connectivity or autonomous driving. You have to be there to know what's going on."

As a market, China is also a source of technological inspiration for Western companies, a world leader in e-commerce, solar, mobile payments, digital currency and facial recognition. It has the largest 5G network, with more than one million antennas up and running, compared to 400,000 in Europe.

Self-driving cars offer an interesting point of divergence between China and the West.

Just take the number of connected devices (1.1 billion), the time spent on mobile (six hours per day) and, above all, the magnitude of data collected to deploy and improve artificial intelligence algorithms faster than in Europe or the United States.

The groundbreaking field of self-driving cars offers an interesting point of divergence between China and the West. Artificial intelligence guru Kai-Fu Lee explains that China believes that we should teach the highway to speak to the car, imagining new services and rethinking cities to avoid cars crossing pedestrians, while the West does not intend to go that far.

Still lagging in some key sectors

There are areas where China is still struggling, such as semiconductors. Despite a production increase of nearly 50% per year, the country produces less than 40% of the chips it consumes, according to official data. This dependence threatens its ambitions in artificial intelligence, telecoms and autonomous vehicles. Chinese manufacturers work with an engraving fineness of 28 nm or more, far from those of Intel, Samsung or TSMC. They are unable to produce processors for high-performance PCs.

China's aerospace industry is also lagging behind the West. There are also no Chinese players among the top 20 life science companies on the stock market and there are doubts surrounding the efficacy of Sinovac and Sinopharm's COVID-19 vaccines. As of 2019, the country files more patents per year than the U.S., but far fewer are converted into marketable products.

Beijing knows its weaknesses and is working to eliminate them. Adopted in March, the nation's 14th five-year plan calls for a 7% annual increase in R&D spending between now and 2025, compared with 12% under the previous plan. Big data aside, that is basic math anyone can understand.

https://www.lesechos.fr/idees-debats/editos-analyses/la-chine-est-desormais-une-fenetre-sur-notre-futur-1347064
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