Malaysian King in China for maiden visit

King accorded state welcome in Beijing

Red-carpet welcome: Sultan Ibrahim arriving in Beijing as a guard of honour mounted by the People’s Liberation Army stands at attention. Accompanying His Majesty is Sun (right). — Bernama

BEIJING: His Majesty Sultan Ibrahim, King of Malaysia has arrived for a four-day state visit to China.

His Majesty, who ascended the throne on Jan 31, is making his maiden state visit to China at the invitation of President Xi Jinping.

The special aircraft carrying His Majesty departed from the Royal Malaysian Air Force Subang Air Base at about 9.40am yesterday and arrived at the Official Terminal, Beijing Capital International Airport at 3.30pm.

Accompanying His Majesty on the visit are Transport Minister Anthony Loke and Housing and Local Government Minister Nga Kor Ming.

Tunku Temenggong Johor Tunku Idris Iskandar Ibni Sultan Ibrahim, who arrived at the same airport in a separate aircraft at about 3pm, is also accompanying His Majesty on the visit.

Sultan Ibrahim was received at the airport by China’s Vice Minister of Foreign Affairs Sun Weidong, China’s Ambassador to Malaysia Ouyang Yujing, Malaysian Foreign Ministry secretary- general Datuk Seri Amran Mohamed Zain and Malaysia’s Ambassador to China Datuk Norman Muhamad.

His Majesty received the salute from a guard of honour mounted by the People’s Liberation Army.

His Majesty’s visit symbolises the robust state of bilateral relations between Malaysia and China that have continued to grow since its elevation to a Comprehensive Strategic Partnership in 2013.

During the visit, Sultan Ibrahim will be accorded a ceremonial welcome at the Great Hall of the People in Beijing, followed by an audience with Xi and a state banquet hosted by the Chinese President.

His Majesty will also grant an audience to Premier Li Qiang and visit the Beijing COMAC Aircraft Technology Research Centre to observe the latest developments in China’s aviation technology.

His Majesty is also scheduled to attend the naming ceremony of the Chair of Malay Studies at Beijing Foreign Studies University in His Majesty’s honour and engage with the Malaysian diaspora during the visit.

The visit also coincides with the 50th anniversary of diplomatic ties between Malaysia and China.

Earlier, during a press conference, Norman said His Majesty’s state visit is highly anticipated by China.

He noted that this is the first state visit by a Malaysian King to China in 10 years, marking a significant moment for both nations as they celebrate the 50th anniversary of diplomatic relations.

This is the second state visit conducted by His Majesty, with the first being a two-day visit to Singapore in May at the invitation of President Tharman Shanmugaratnam. — Bernama

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March of the Volunteers (义勇军进行曲)

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National Anthem: China - 义勇军进行曲March of the Volunteers

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Investing in minds to stop brain drain

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BEIJING: As a young biologist at the University of Michigan, Chen Xiaowei had plenty to like about life in the United States.

He was paid well as a researcher and enjoyed raising his family in Ann Arbor, a town he remembers as beautiful, friendly and highly educated.

But an offer from a Chinese university for him to return home to Beijing was too generous not to consider.

In addition to a comparable salary, he was promised enough startup research money that he wouldn’t have to worry about pursuing grants.

So in 2014 he moved back with his wife and two children.

“I feel freer to pursue my best ideas,” Chen said.

He said he has received such generous support that he’s able to study a disease through symptoms in both the liver and muscles simultaneously – something he said he would not be able to do in the United States because of limitations on grants, which are often tied to projects instead of researchers.

Chen, who earned a doctorate in physiology at Michigan in 2008, has joined thousands of high achieving overseas Chinese recruited to come home through the 1,000 Talents programme, one of many state efforts to reverse a decades long brain drain.

China, the world’s second-largest economy and one of the fastest growing, sees a need to bring home more of its brightest as it works to transform its largely labourintensive, lowtech economy into one fuelled by innovation in science and technology.

More than 300,000 Chinese studied in the US alone in the 2014-2015 school year.

Most of those students return to China, but the country has had difficulty regaining the most coveted graduates – those with advanced degrees and experience in science and engineering.

A 2014 report by Oak Ridge Institute shows 85% of the 4,121 Chinese students who received doctorates in science and engineering from American universities in 2006 were still in the US five years later.

The 1,000 Talents programme offers recruits salaries several times more than what a Chineseeducated local hire would receive, as well as heavily subsidised education for children and millions in startup research funds. The signup bonus alone can be as much as US$150,000 (RM605,850).

Chen, now an assistant professor at Peking University, was given a US$1.5mil (RM6.05mil) research fund.

“In the States,” he said, “it’s very hard for young people to get money when they need it the most.” — AP

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Beijing is home to the world's most billionaires, edging New York City out

 

Night view of Central Business District with the new CCTV Tower, right, and other skyscrapers and high-rise office buildings in Beijing. Beijing is home to the world's most billionaires, pushing New York City out of the top slot. [Photo/IC]

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Beijing is home to the world's most billionaires, pushing New York City out of the top slot it had held for years, according to a Shanghai-based research and media outlet that keeps track of the world's wealthiest.

Despite a slowing economy, the Chinese capital added 32 billionaires, bringing its total to 100 and New York added four, giving it 95 billionaires, according to the Hurun Global Rich List 2016.

Moscow came in third with 66, and Hong Kong and Shanghai came in fourth and fifth with 64 and 50, respectively, Hurun said in its ranking of US dollar billionaires as of Jan 15.

Wang Jianlin of Dalian Wanda, one of China's top real estate developers, was the wealthiest Beijing resident with a net worth of $26 billion.

New York's top billionaires were businessman David Koch and Michael Bloomberg, the city's former mayor and media company owner. His wealth increased $16 billion to $37 billion, according to Hurun. Another city resident whose wealth increased is Republican presidential hopeful Donald Trump. He added $5 billion to go to $6.5 billion.

While China has passed the US with the most billionaires, the Hurun report noted that none of the richest billionaires are from China. Eight of the world's 11 wealthiest, including Microsoft founder Bill Gates, the world's wealthiest with $80 billion, Berkshire Hathaway's Warren Buffett, Amazon's Jeff Bezos and Facebook's Mark Zuckerberg are from the US.

And the combined net worth of US billionaires is still nearly double that of Chinese billionaires, for a total of $2.4 trillion, just a little less than the GDP of France, according to the report.

Rupert Hoogewerf, the founder of Hurun, said initial public offerings are behind the rapid expansion of Chinese wealth.

In October, China overtook the US for the first time as the country with the most billionaires within its borders. About 568 billionaires now live in China and 535 in the US.

Hoogewerf said the number of billionaires for the rest of the world was held back by a slowdown in the global economy, the strengthening of the US dollar and the drop in oil prices. - China Daily/Asia News Network


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