High school students in uniforms march on Tiananmen Square to stand at guard posts of Young Pioneers, a youth group under the Communist Party of China, around the Monument to the People's Heroes on Tiananmen Square in Beijing on May 29, 2014 photo. Twenty-five years after the Communist Party’s attack on demonstrations centred on Tiananmen Square on June 4, 1989, it is little more than a distant tale to young Chinese. The ruling party prohibits public discussion and 1989 is banned from textbooks and Chinese websites. Alexander Yuan/AP Photo
High school students in uniforms march on Tiananmen Square to stand at guard posts of Young Pioneers, a youth group under the Communist Party of China, around the Monument to the People's Heroes on TiShow more

Tiananmen protests a ‘distant tale to most China youth’



BEIJING // Born in 1989, Steve Wang sometimes wonders what happened in his hometown of Beijing that year. But his curiosity about pro-democracy protests and the crackdown on them passes quickly.

“I was not part of it,” he said. “I know it could be important, but I cannot feel it.”

Twenty-five years after the Communist Party’s attack on demonstrations centred on Tiananmen Square on June 4, 1989, it is little more than a distant tale to most young Chinese. The ruling party prohibits public discussion and 1989 is banned from textbooks and Chinese websites.

Many have managed to learn something about the crackdown, through people they know, by navigating around China's tight internet controls or by travelling abroad. Some are aware of the iconic image of resistance – the lone Chinese man standing in front of a line of tanks moving down the Avenue of Eternal Peace.

But often, they seem not to care. They grew up in an atmosphere of nationalism and pride over two decades of strong economic growth. The turmoil caused by a student movement 25 years ago seems irrelevant to a generation more worried about finding jobs and buying an apartment.

“They basically don’t bother to try to find out further,” said Fu King-wa, a journalism professor at Hong Kong University. “Even if they learn about it, they believe in the government version.”

Rowena He, author of the book “Tiananmen Exiles” which describes the lives of student protesters after the crackdown, said many Chinese students abroad claim they know a lot about it, but in fact know little. “Some others would say, ‘We knew what happened, so what?’ That’s typical,” said Ms He, who teaches at Harvard University.

Young Chinese tend to find it hard to empathise with students of the late 1980s, she said. “The younger generation is more influenced by cynicism and materialism,” said Ms He. “A Chinese student once said to me, ‘I really do not believe they took to the street for ideals.’”

Born in July 1989, in a Beijing hospital not far from the sites of the bloody crackdown, Mr Wang grew up without hearing a word about the student movement from his parents or teachers. He first heard about it from friends in college in China.

“I was quite curious and wanted to know about it. But I could not find anything,” Mr Wang said.

In 2010, he went to school in England, where he met a Hong Kong student who showed him a video of the crackdown.

“All I could remember was a young man trying to stop a tank from rolling forward,” Mr Wang said. The Hong Kong student “asked me why it has to be like this. I was stupefied.”

Mr Wang does not think the student movement would come up in any discussion in Beijing.

“Who would bring it up? There’s been no reason to talk about it,” he said. “Much time has passed since then, and China will not report it anymore. Now the foreign media want to make a fuss out of it. They are talking up the negative things about China.”

At Peking University, once a centre of student protest, Tiananmen seems to have little relevance to today’s students.

“It is not something that concerns us anymore,” said Zhang Yu, a graduate student in sociology.

Although some bold Peking University professors have shared their knowledge with their students, most keep the topic out of the classroom.

Chen Haoyun, a freshman majoring in aeronautics, said he first heard about it when a teaching assistant mentioned it in a history class.

“I do not know much about it. All I know is that it cannot be talked about,” said Mr Chen. “I am interested, but the school does not talk about it.”

The university’s party secretary, Zhu Shanlu, warns that teachers must be careful when speaking to students about Tiananmen.

“You must take responsibility for the students and their values. It’s like buttoning up the first button, and you cannot get the first button wrong,” he said when asked if the issue is not discussed on campus.

Even some young people with connections to the crackdown know little about it, including Wang Jiaying, a Beijing college student whose father participated in the student movement.

“He said he was not sensible at the time,” Ms Wang said of her father. “I think it was a special event at a special time, which cannot be discussed now.”

Her roommate, Lu Qiuxuan, 21, learned it about from her mother, who was at a Beijing hospital caring for her grandmother at the time. She told Ms Lu about the constant flow of wounded students. Ms Lu searched for information on Tiananmen when she was overseas.

“I didn’t expect it was this huge, and there were so many people, and so many injuries. I was shocked,” Ms Lu said.

“I don’t know what should be the right conclusion, as long as the Chinese government does not say anything,” she said. “I regret that people of my generation cannot learn and understand it during our school years, and I think that has changed our outlook about our future lives.”

* Associated Press

THURSDAY FIXTURES

4.15pm: Italy v Spain (Group A)
5.30pm: Egypt v Mexico (Group B)
6.45pm: UAE v Japan (Group A)
8pm: Iran v Russia (Group B)

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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What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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The Pope's itinerary

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport

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Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae