๐ŸŒ Highlights from the Xiangshan security forum


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Todayโ€™s newsletter supported by:

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Hi there Intriguer.ย Todayโ€™s word of the day is โ€˜jaysusโ€™. Itโ€™s used in Indonesia to describe an unfunny joke thatโ€™s told so badly, you actually laugh.

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Todayโ€™s briefing is a 5 min read:

  • ๐Ÿ‡จ๐Ÿ‡ณ The Xiangshan security summit in China.ย 

  • ๐Ÿ‡ถ๐Ÿ‡ฆ How Qatar became the worldโ€™s go-to mediator.

  • โž• Plus: Metaโ€™s social media dominance, how the papers are covering a mob storming an airport in Russia, and an unexpected link between a world leader and Hollywood.ย 

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โฑ๏ธ Around the world in sixty seconds

  1. ๐Ÿ‡ฏ๐Ÿ‡ตย Japan: The US military says itโ€™ll start buying local seafood to supply its troops in Japan, to help offset Chinaโ€™s ban. Beijing banned the import of Japanese seafood following Tokyoโ€™s release of treated wastewater from the Fukushima power plant earlier this year.ย 

  2. ๐Ÿ‡ฉ๐Ÿ‡ชย Germany: Europeโ€™s largest economy shrank slightly (0.1%) last quarter, raising concerns that Germany is heading towards a recession. The countryโ€™s export-heavy economy has struggled with energy volatility, stubbornly high inflation, and tepid global demand.ย 

  3. ๐Ÿ‡ง๐Ÿ‡ฉย Bangladesh: Authorities have arrested the opposition leader after mass protests rocked the capital with calls for Prime Minister Sheikh Hasinaโ€™s resignation. Critics accuse Hasina, whoโ€™s been in power since 2009, of targeting her political opponents.

  4. ๐Ÿ‡ต๐Ÿ‡ฆย Panama: The government has announced a referendum on the future of the countryโ€™s vast Cobre Panama copper mine after days of mass protests. Discontent erupted after authorities renewed a Canadian mining giantโ€™s licence, allegedly without proper scrutiny.

  5. ๐Ÿ‡จ๐Ÿ‡ฌย Republic of theย Congo: Leaders from countries home to the worldโ€™s biggest rainforests have met in Brazzaville to discuss defending their shared ecosystems. They agreed on a seven point plan, but fell short of any binding pact.

๐Ÿ‡จ๐Ÿ‡ณ China | Geopolitics

Zhang Youxia, Chinaโ€™s #2 military chief, kicks off the 10th Beijing Xiangshan Forum. Credits: CGTN

What happened at Xiangshan this week?

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Military and other leaders from 90 countries will today wrap up three days of security talks in Beijing for this yearโ€™s annual Xiangshan Forum. Launched in 2006, this is the eventโ€™s first in-person iteration since before COVID.

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Didnโ€™t make it along? Here are some of the more intriguing moments:ย 

  • ๐Ÿคย US-China:ย Chinaโ€™s decision to invite the US is a signal itโ€™s open to re-engaging, after cutting military ties when Nancy Pelosi visited Taiwan last year. But top brass Zhang Youxia still took a veiled swipe at the US in his keynote address, claiming โ€œcertain countries keep stirring up trouble around the worldโ€.

  • ๐Ÿ“ขย Global Security Initiative (GSI): Beijing also promotedย itsย GSI, which President Xi first announced last year. Itโ€™s still thin on details, but officials used the concept to highlight the US-led world orderโ€™s shortcomings, while packaging Chinaโ€™s wins (like its earlier brokering of Saudi-Iran ties) as representing a viable alternative.

  • ๐ŸŒŽ And the main guest was Russian Defence Minister Shoigu (one of 22 defence ministers there), who accused the US of โ€œsteady escalationโ€ฆย fraught with catastrophic consequencesโ€.

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Intrigue’s take: This kind of military diplomacy is on-brand for China:

  • The eventโ€™s theme was โ€˜Common Security, Lasting Peaceโ€™, and

  • Its guest list and program both emphasised the โ€˜Global Southโ€™.

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It all sought to project China as a source of peace and stability. Meanwhile, nations with a different view of China (like the Philippines) opted to send a lower-level delegation, or just skipped the forum altogether.

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Also worth noting:ย 

  • Presidents Xi and Biden have reportedly agreed to meet in San Francisco next month. The two leaders last met in November 2022.

๐ŸŽง Intrigue Outloud

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Need to catch Intrigue on the go? Intrigue Outloud is your favourite geopolitics newsletter delivered to your podcast app of choice, with extra insights from host Ethan Plotkin and Intrigue co-founder John Fowler.

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On today’s episode: Is Bangladeshโ€™s democracy in danger?

๐Ÿ“ฐ How newspapers coveredโ€ฆ

A mob storming an airport in Russiaโ€™s Dagestan

London, UK

โ€œMob storms Dagestan airport in search of Jewish passengers from Israelโ€

Brussels, Belgium

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โ€œRussian security forces remove antisemitic lynch mob from Dagestan airportโ€

Moscow, Russia

โ€œRussiaโ€™s Human Rights Commissioner urges Dagestan residents not to succumb to provocationsโ€

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Todayโ€™s newsletter is supported by: The Daily Upside

Market Update: Please Read

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In this current market landscape, we all face a common challenge.

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Many conventional financial news sources are driven by the pursuit of maximum clicks. Consequently, they resort to disingenuous headlines and fear-based tactics to meet their bottom line. In a new cycle filled with mundane headlines and shallow social media posts, itโ€™s essential to seek out only the highest quality sources of information and analysis.

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Fortunately, weโ€™ve found one.

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Meet The Daily Upside. Founded by a team of investment bankers, scholars, and journalists, this free business newsletter has a singular mission: to empower you with market intelligence and facilitate wealth creation.

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Sent to your inbox before markets open, this free newsletter is a trove of concise insights, in-depth analysis, and a dose of wit, all aimed at making you a more well-rounded investor.

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๐Ÿ‡ถ๐Ÿ‡ฆ Qatar | Geopolitics

Qatar and its emir, Tamim bin Hamad Al Thani, have emerged as key players

Qatar steps into the diplomatic void

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Qatar has emerged as the lead intermediary between Israel and Hamas.

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Dohaโ€™s ties to Hamas run deep: itโ€™s hosted the groupโ€™s political leadership since 2012 and (with Israeli agreement) has long transferred $30M to Gaza each month, which it says goes to humanitarian and administrative activities.

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But Qatar also has solid links with the West: the US declared it a โ€˜major non-NATO allyโ€™ last year. Plus Doha has maintained contact (if not formal ties) with Israel since the 1990s.

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Intrigueโ€™s take: Qatar is not exactly neutral here; it held Israel โ€œsolely responsibleโ€ for the Hamas attacks on October 7th.

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But intriguingly, Israelโ€™s own national security advisor is now describing Qatar as โ€œessentialโ€ and โ€œcrucialโ€.

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So Qatar will have questions to answer after the war – like the nature of its support for Hamas, and the tenor of its state-funded broadcasterโ€™s coverage – but for now, the region needs an intermediary. And Qatar is it.

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Also worth noting:ย 

  • Israelโ€™s spy chief was in Qatar over the weekend to discuss ways to secure the release of the ~235 hostages held by Hamas.

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โž• Extra Intrigue

Hereโ€™s what folks around the world have been tweeting about

  • ๐Ÿ‡จ๐Ÿ‡ฆ Canadians were posting about the late Friends star โ€œMatthew Perryโ€, who was a childhood classmate of Prime Minister Trudeau.

  • ๐Ÿ‡จ๐Ÿ‡ด Colombians were using โ€œ#Diazโ€ for Luis Diaz, a Liverpool footballer whose parents were kidnapped near the Venezuelan border.

  • ๐Ÿ‡บ๐Ÿ‡ธย And Americans tweeted about โ€œUAWโ€, the autoworker union that reached a tentative deal with General Motors after a six-week strike.

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๐Ÿ—ณ๏ธ Poll time!

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Would you buy and eat Japanese seafood?

(The International Atomic Energy Agency says Japan’s release of treated nuclear wastewater meets international safety standards)

Login or Subscribe to participate in polls.

๐Ÿ“Š Chart of the day

Credits: Chartr

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Meta seems to be crushing the social media game. The tech giant, which owns Facebook, Instagram, WhatsApp and more, says 3.88 billion people (or half the worldโ€™s population) use at least one of its products each month.

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Yesterdayโ€™s poll: Kenya has announced it’ll allow visa-free arrivals for all African citizens. Do you think this is a model worth following elsewhere in the world?

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๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ ๐Ÿ‘ Yes, it’ll promote tourism and business (56%)

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๐ŸŸจ๐ŸŸจ๐ŸŸจ๐ŸŸจโฌœ๏ธโฌœ๏ธ ๐Ÿ‘Ž No, border control goes to the heart of national sovereignty (41%)

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โฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธ โœ๏ธ Other (write in!) (3%)

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Your two cents:

  • ๐Ÿ‘ A.W: โ€œA positive move, reduce paperwork, encourage trade, build strong cross border bonds.โ€

  • โœ๏ธ J.B: โ€œIt depends on location. In an area with high levels of unrest, it can make it easier for that unrest to spread.โ€