BEIJING // For the past three months, Zheng Bojian's parents have rented a flat near his school in north-west Beijing. The 18-year-old needed a quiet place to study without wasting precious revision time commuting.
The stakes were high for Mr Zheng. Last week, he was one of 9.15 million high-school students that sat China's notorious gaokao examination that decides who will get a place at university - and who will not.
In a society that prides itself on valuing education, and where a university place is often seen as a way out of poverty, this puts great pressure on students.
Mr Zheng is hoping for a place studying medicine at Tsinghua, one of China's top two universities, and his programme of studying has been punishing, without a single evening off for a year. Usually, he said, he worked from 7.30am until midnight or 1am seven days a week, with breaks only for meals. "I felt exhausted but you get used to it," he said of his punishing schedule.
The efforts he and his parents made are not unusual in China.
State media recently published photographs of students apparently hooked up to intravenous drips in the hope that the amino acids they were said to be taking would help them study for longer into the night.
The gaokao involved four tests on Thursday and Friday, totalling nine hours, and covering mathematics, English, Chinese and liberal arts or sciences.
Only 6.85 million university places are on offer, meaning 25 per cent of those taking the exams will not get in. Liang Zheng, 18, from Beijing, who completed the gaokao on Friday, said: "It's very important for everyone. We only have one chance. We have expectations from other people and hopes for ourselves."
He added that he hopes to remain in his home city to study computer science.
The lack of emphasis given to school reports, coursework or other elements that could dilute the importance of the gaokao means that years of preparation count for little if a student has a bad day.
While some other countries, notably Turkey, have similar all-or-nothing school-leaving tests, the gaokao is "enormously stressful", said Mark Bray, a chair professor and director of the Comparative Education Research Centre at the University of Hong Kong.
The gaokao is sometimes seen as placing as much of a burden on parents as on children, with a couple's hopes for a better future channelled into the efforts of what is typically their only child.
"For the parents, it's more stressful. We are anxious day and night," said Zheng Bojian's mother, who only gave her surname, Li.
Score of parents, many having taken the day off work, waited anxiously outside school gates for the exam to finish. On Friday afternoon, some presented their children with huge bouquets of flowers after they completed their final test and most had a camera to record the conclusion of what is seen as a potentially life-changing two days.
Yet, for all the demands, the gaokao is regarded as a level playing field, offering children from poorer backgrounds the chance to better themselves. It is unusually meritocratic for a country where more often "guanxi", or connections, determine success or failure. Even the students who have to endure the tests defend the system.
"It's the best way to select good students," says Wang Hanbing, who sat the gaokao at The High School Affiliated to Renmin University of China, where most students board for their final years.
Yet there is not absolute equality, even in the gaokao. Students in big cities are several times more likely to secure places at top universities than those in the provinces.
Some pupils living in Beijing, Shanghai or other metropolises, but born elsewhere, have to return to their home province to sit the exam, putting them at a disadvantage. Also, better-off parents can spend more on hiring private tutors, although even families where the main breadwinner has a modest income, such as from taxi driving, will still often pay for some extra lessons for their children.
"There's so much pressure that students feel that [regular] schooling is not enough, that they need to have extra tutoring. There's a huge parallel enterprise in shadow education," said Mr Bray.
"The central government in Beijing is concerned about the burden on children but families feel they cannot easily opt out. It's a competitive world."
Given the stakes, it is no surprise some try to cheat. According to state media, 1,500 people were arrested this year over the attempted sale or use of electronic devices, such as wireless signal receivers and clear plastic earphones, that would allow students to communicate with people outside the exam hall.
Although millions of students are destined to miss out on a university place, the situation is not as competitive as it once was.
Four years ago, only 57 per cent of the 10.5 million students who sat the exam gained university places.
There has been a gradual fall in the number taking the gaokao, partly because more Chinese school pupils are looking abroad for study opportunities. Often overseas institutions do not require the exam.
At the same time, the number of university places has risen, although the pressure to enter a top institution remains acute because graduates of less prestigious universities can struggle to secure fulfilling employment.
Now that the tests themselves are over, the gaokao students are faced with a two-week wait before they get their results.
While anxiety over the outcome remains, the worst is over. "There's no stress any more. We can do things we want to do now, such as play video games or musical instruments," Liang Zheng said with relief.
dbardsley@thenational.ae
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
UK's plans to cut net migration
Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.
Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.
But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.
Language requirements will be increased for all immigration routes to ensure a higher level of English.
Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.
The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
Mohammed bin Zayed Majlis
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
UAE SQUAD
UAE team
1. Chris Jones-Griffiths 2. Gio Fourie 3. Craig Nutt 4. Daniel Perry 5. Isaac Porter 6. Matt Mills 7. Hamish Anderson 8. Jaen Botes 9. Barry Dwyer 10. Luke Stevenson (captain) 11. Sean Carey 12. Andrew Powell 13. Saki Naisau 14. Thinus Steyn 15. Matt Richards
Replacements
16. Lukas Waddington 17. Murray Reason 18. Ahmed Moosa 19. Stephen Ferguson 20. Sean Stevens 21. Ed Armitage 22. Kini Natuna 23. Majid Al Balooshi
ONCE UPON A TIME IN GAZA
Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi
Directors: Tarzan and Arab Nasser
Rating: 4.5/5
More on animal trafficking
Profile box
Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India
What is Folia?
Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.
Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."
Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.
In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love".
There are also plans to take Folia to several more locations throughout the Middle East and Europe.
While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."
The biog
Favourite book: Men are from Mars Women are from Venus
Favourite travel destination: Ooty, a hill station in South India
Hobbies: Cooking. Biryani, pepper crab are her signature dishes
Favourite place in UAE: Marjan Island
%3Cp%3EThe%20Punishment%20of%20Luxury%3Cbr%3EOMD%3Cbr%3E100%25%20Records%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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.”
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances