• China's President Jiang Zemin before an official visit to Russia and Ukraine, September 2, 1994. AFP
    China's President Jiang Zemin before an official visit to Russia and Ukraine, September 2, 1994. AFP
  • US President Bill Clinton with President Jiang Zemin in Jakarta, Indonesia, November 14, 1994. Reuters
    US President Bill Clinton with President Jiang Zemin in Jakarta, Indonesia, November 14, 1994. Reuters
  • Jiang Zemin meets France's President Francois Mitterrand in Paris, September 9, 1994. AFP
    Jiang Zemin meets France's President Francois Mitterrand in Paris, September 9, 1994. AFP
  • Jiang Zemin during the handover ceremony in Hong Kong at midnight, July 1, 1997. Reuters
    Jiang Zemin during the handover ceremony in Hong Kong at midnight, July 1, 1997. Reuters
  • Jiang Zemin tries on a cowboy hat given to him by the mayor of Calgary, Al Duerr, in Canada, November 26, 1997. Reuters
    Jiang Zemin tries on a cowboy hat given to him by the mayor of Calgary, Al Duerr, in Canada, November 26, 1997. Reuters
  • US Secretary of State Madeleine Albright with Jiang Zemin during a meeting at the Zhongnanhai leadership complex, February 24, 1997. AFP
    US Secretary of State Madeleine Albright with Jiang Zemin during a meeting at the Zhongnanhai leadership complex, February 24, 1997. AFP
  • Jiang Zemin after talks with Laurent Fabius, speaker of the French National Assembly, in Paris, October 25, 1999. Reuters
    Jiang Zemin after talks with Laurent Fabius, speaker of the French National Assembly, in Paris, October 25, 1999. Reuters
  • Jiang Zemin with North Korean leader Kim Jong-il in Beijing, June 1, 2000. AFP
    Jiang Zemin with North Korean leader Kim Jong-il in Beijing, June 1, 2000. AFP
  • Fidel Castro reviews a guard of honour with visiting Chinese President Jiang Zemin in Havana, April 12, 2001. AFP
    Fidel Castro reviews a guard of honour with visiting Chinese President Jiang Zemin in Havana, April 12, 2001. AFP
  • Jiang Zemin during a visit to the ancient imperial city of Persepolis, the capital of Persia's Archaemenid dynasty, about 950km south of Tehran, Iran, on April 19, 2002. AFP
    Jiang Zemin during a visit to the ancient imperial city of Persepolis, the capital of Persia's Archaemenid dynasty, about 950km south of Tehran, Iran, on April 19, 2002. AFP
  • Jiang Zemin with Palestinian leader Yasser Arafat during a meeting in China on August 14, 2000. AFP
    Jiang Zemin with Palestinian leader Yasser Arafat during a meeting in China on August 14, 2000. AFP
  • A security guard next to a portrait of China's former president Jiang Zemin at an exhibition to celebrate the 90th anniversary of the founding of the Communist Party of China in Beijing, China, July 7, 2011. Reuters
    A security guard next to a portrait of China's former president Jiang Zemin at an exhibition to celebrate the 90th anniversary of the founding of the Communist Party of China in Beijing, China, July 7, 2011. Reuters
  • Chinese President Xi Jinping, left, greets China's former president Jiang Zemin at the opening session of the Chinese Communist Party's Congress in Beijing, October 18, 2017. AFP
    Chinese President Xi Jinping, left, greets China's former president Jiang Zemin at the opening session of the Chinese Communist Party's Congress in Beijing, October 18, 2017. AFP

Jiang Zemin: Former Chinese president dies at 96


  • English
  • Arabic

Former Chinese president Jiang Zemin has died at the age of 96, state media confirmed on Wednesday.

He died in Shanghai of leukemia and multiple organ failure at 12.13pm local time, Xinhua news agency reported.

Mr Jiang took power after the suppression of the Tiananmen Square protests that rocked the country in 1989, serving as general secretary of the communist party from 1989 to 2002 and then as Chinese president from 1993 to 2003.

He was last seen publicly in October 2019.

Rumours of ill health arose after he missed a party congress in October, where current President Xi Jinping secured a third term as leader.

During the decade before Mr Jiang's rule China emerged as a major player in global trade after the market reforms of Deng Xiaoping, but it was Mr Jiang who presided over China's emergence as an economic powerhouse.

Born in Yangzhou in August 1926, he also presided over the return of Hong Kong from British rule in 1997 and Beijing’s entry into the World Trade Organisation in 2001.

He led China out of international isolation after the Tiananmen Square protests, but was criticised for his heavy-handed crackdown on government critics and the Falun Gong spiritual group.

Chinese President Jiang Zemin with Prince Charles in 1997 as Britain's Prime Minister Tony Blair looks on during the handover ceremony of Hong Kong from British to Chinese rule. AFP
Chinese President Jiang Zemin with Prince Charles in 1997 as Britain's Prime Minister Tony Blair looks on during the handover ceremony of Hong Kong from British to Chinese rule. AFP

Mr Jiang managed various diplomatic crises with the US after the 1999 Nato bombing of Beijing's embassy in Belgrade and the 2001 collision between a Chinese fighter jet and a US spy plane in Chinese airspace, which plunged bilateral ties to their lowest ebb since diplomatic contact was re-established in 1971.

"He had a personal style that was sometimes a bit extravagant. I think he was more of a human being than Hu Jintao," Jean Pierre Cabestan, a politics professor at Hong Kong's Baptist University told Reuters, referring to Mr Jiang's successor.

Despite rumours that he wanted to cling to power, he retired as party chief in 2002, handing the reins to Mr Hu in the country's first peaceful leadership transition since the 1949 revolution.

He gave up his last official title as chairman of the central military commission in 2004 but remained a force behind the scenes in the wrangling that led to the rise of President Xi, who took power in 2012.

Agencies contributed to this report.

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Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

match info

Southampton 2 (Ings 32' & pen 89') Tottenham Hotspur 5 (Son 45', 47', 64', & 73', Kane 82')

Man of the match Son Heung-min (Tottenham)

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Navdeep Suri, India's Ambassador to the UAE

There has been a longstanding need from the Indian community to have a religious premises where they can practise their beliefs. Currently there is a very, very small temple in Bur Dubai and the community has outgrown this. So this will be a major temple and open to all denominations and a place should reflect India’s diversity.

It fits so well into the UAE’s own commitment to tolerance and pluralism and coming in the year of tolerance gives it that extra dimension.

What we will see on April 20 is the foundation ceremony and we expect a pretty broad cross section of the Indian community to be present, both from the UAE and abroad. The Hindu group that is building the temple will have their holiest leader attending – and we expect very senior representation from the leadership of the UAE.

When the designs were taken to the leadership, there were two clear options. There was a New Jersey model with a rectangular structure with the temple recessed inside so it was not too visible from the outside and another was the Neasden temple in London with the spires in its classical shape. And they said: look we said we wanted a temple so it should look like a temple. So this should be a classical style temple in all its glory.

It is beautifully located - 30 minutes outside of Abu Dhabi and barely 45 minutes to Dubai so it serves the needs of both communities.

This is going to be the big temple where I expect people to come from across the country at major festivals and occasions.

It is hugely important – it will take a couple of years to complete given the scale. It is going to be remarkable and will contribute something not just to the landscape in terms of visual architecture but also to the ethos. Here will be a real representation of UAE’s pluralism.

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

FIXTURES

Fixtures for Round 15 (all times UAE)

Friday
Inter Milan v AS Roma (11.45pm)
Saturday
Atalanta v Verona (6pm)
Udinese v Napoli (9pm)
Lazio v Juventus (11.45pm)
Sunday
Lecce v Genoa (3.30pm)
Sassuolo v Cagliari (6pm)
SPAL v Brescia (6pm)
Torino v Fiorentina (6pm)
Sampdoria v Parma (9pm)
Bologna v AC Milan (11.45pm)

Scoreline

Syria 1-1 Australia

Syria Al Somah 85'

Australia Kruse 40'

if you go

Getting there

Etihad (Etihad.com), Emirates (emirates.com) and Air France (www.airfrance.com) fly to Paris’ Charles de Gaulle Airport, from Abu Dhabi and Dubai respectively. Return flights cost from around Dh3,785. It takes about 40 minutes to get from Paris to Compiègne by train, with return tickets costing €19. The Glade of the Armistice is 6.6km east of the railway station.

Staying there

On a handsome, tree-lined street near the Chateau’s park, La Parenthèse du Rond Royal (laparenthesedurondroyal.com) offers spacious b&b accommodation with thoughtful design touches. Lots of natural woods, old fashioned travelling trunks as decoration and multi-nozzle showers are part of the look, while there are free bikes for those who want to cycle to the glade. Prices start at €120 a night.

More information: musee-armistice-14-18.fr ; compiegne-tourisme.fr; uk.france.fr

SPECS
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NBA FINALS SO FAR

(Toronto lead 3-2 in best-of-seven series)

Game 1 Raptors 118 Warriors 109

Game 2 Raptors 104 Warriors 109

Game 3 Warriors 109 Raptors 123

Game 4 Warriors 92 Raptors 105

Game 5 Raptors 105 Warriors 106

Game 6 Thursday, at Oakland

Game 7 Sunday, at Toronto (if needed)

THE BIO

Age: 30

Favourite book: The Power of Habit

Favourite quote: "The world is full of good people, if you cannot find one, be one"

Favourite exercise: The snatch

Favourite colour: Blue

The Disaster Artist

Director: James Franco

Starring: James Franco, Dave Franco, Seth Rogan

Four stars

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The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

Updated: November 30, 2022, 11:53 AM