US Secretary of State Antony Blinken meets Chinese President Xi Jinping in the Great Hall of the People in Beijing. AP
US Secretary of State Antony Blinken meets Chinese President Xi Jinping in the Great Hall of the People in Beijing. AP
US Secretary of State Antony Blinken meets Chinese President Xi Jinping in the Great Hall of the People in Beijing. AP
US Secretary of State Antony Blinken meets Chinese President Xi Jinping in the Great Hall of the People in Beijing. AP

China's Xi hails 'progress' on US relationship as Blinken visits Beijing


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US Secretary of State Antony Blinken met Chinese President Xi Jinping on Monday, a State Department official said, with China's leader hailing the “progress” made with regard to Beijing's relationship with Washington.

A meeting had been expected, but neither side had confirmed it would happen until an hour before the talks, which are seen as key to the success of the trip.

A snub by the Chinese leader would have been a major setback to efforts to restore and maintain communications at senior levels.

Mr Blinken has already held talks with Wang Yi, China’s top foreign policy official, in Beijing amid signs of some progress in his two-day mission to ease strained ties between the world’s largest economies.

“We are clear-eyed about the challenges posed by the PRC [People's Republic of China],” Mr Blinken told reporters in Beijing.

“The United States will advance a vision for the future that we share with so many others: a free, open, stable and prosperous world with countries upholding and updating the rules-based order that has for years safeguarded peace and security globally.”

The Secretary of State called the discussions he has had while in China “candid” and “substantive”.

“President [Joe] Biden asked me to travel to Beijing because he believes that the United States and China have an obligation and responsibility to manage our relationship,” Mr Blinken told Mr Xi at a press conference before their meeting began.

“The United States is committed to doing that. It’s in the interest of the United States, in the interests of China and in the interest of the world.”

The White House described Mr Blinken's conversation with Mr Xi as “constructive” and added that Mr Biden has long stressed the importance of “diplomacy” with China.

Mr Blinken's meeting with Mr Wang on Monday morning followed seven and a half hours of discussions with Foreign Minister Qin Gang on Sunday, which both sides described as “candid”.

The two discussed “a range of bilateral and global issues” that pertain to both China and the US, State Department Spokesman Matthew Miller said in a statement.

He described the meeting between Mr Blinken and Mr Wang as a “productive discussion”.

The most senior US official to visit China in five years, Mr Blinken is making his trip at a time when the two sides are at odds over everything – from human rights and technology to trade and weapons sales to Taiwan.

Mr Blinken reiterated Washington's “One China” policy with regard to Taiwan and stressed that the US dos not support “Taiwan independence”.

“We remain opposed to any unilateral changes to the status quo by either side,” he said.

Mr Qin said on Sunday that Taiwan was “the core of the core interests” of China and “the most prominent risk” to China-US ties.

Mr Blinken's visit had been scheduled for February but was scrapped at the last minute after the US shot down an alleged Chinese spy balloon spotted over American territory.

A senior State Department official said Mr Blinken and Mr Wang planned to go deeper into the specifics of core issues in their discussions on Monday.

The US side hopes to have more details to announce when Mr Blinken speaks at a news conference before his departure from China on Monday evening, the official said.

Signs of progress on some issues emerged on Sunday when both sides said they had discussed increasing flights between the two countries, many of which were scrapped during the coronavirus pandemic.

They also agreed to encourage educational exchanges, according to the Chinese statement, a sign that more student visas could be forthcoming.

Both sides expressed a desire to stabilise ties despite what one US official called their “profound” differences, and agreed that Mr Qin would visit Washington to continue the conversation, although no date was announced.

Mr Blinken’s visit is part of a renewed flurry of high-level US-China engagement that has gradually picked up momentum after the balloon incident derailed an attempt by US President Joe Biden and Mr Xi – who met late last year in Bali, Indonesia – to establish a steadier path for relations.

Mr Biden said on Saturday that he was “hoping that over the next several months, I’ll be meeting Xi again”.

Mr Xi said he was also following agreements made last year in Bali.

“The Chinese side has made our decision clear, and the two sides have agreed to follow through the common understandings President Biden and I had reached in Bali,” he told Mr Blinken on Monday.

“The two sides have also made progress and reached agreement on some specific issues. This is very good.”

Improved communication lines between the two sides are intended to decrease the chances of a military accident, most likely in the South China Sea, spiralling into a conflict.

The US and Chinese militaries recently had two dangerous confrontations between naval vessels and jets in the region, which the Pentagon described as “unnecessarily aggressive” and “dangerous”.

Chinese Defence Minister Li Shangfu – who is sanctioned by the US government – also recently rejected a meeting with his US counterpart Lloyd Austin during a defence forum in Singapore this month.

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Courtesy: Crystal Intelligence

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

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UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

How much sugar is in chocolate Easter eggs?
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  • The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
  • The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
  • The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
  • The Cadbury Creme Egg contains 26g of sugar per 40g egg
A little about CVRL

Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery. 

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Updated: June 19, 2023, 10:41 PM