BEIJING // China's top leader-in-waiting Xi Jinping, who has set off a storm of rumours after not showing up at scheduled public events for more than a week, is nursing an ailment, possibly a back injury suffered while swimming, sources said today.
Xi, who is due to take over the presidency of the world's second-largest economy in March next year, has skipped several meetings with visiting foreign leaders and dignitaries over the past week, including US Secretary of State Hillary Clinton and the prime ministers of Singapore and Denmark.
China's government, however, has declined to spell out what is ailing Xi, 59 - in keeping with decades of official secrecy over the health of senior leaders, a tradition viewed in the West as out of step with a modern state and emerging superpower.
"Xi injured his back when he went for his daily swim," a source close to the Beijing leadership said after Xi's absence from the public stage was first noticed last week. At that stage, he had failed to keep scheduled meetings with Clinton and Singapore Prime Minister Lee Hsien Loong.
The source declined to give further details on the injury, including exactly when and where the incident took place.
Another source also said the injury happened when Xi went swimming. "Xi pulled a (back) muscle when he went swimming," the source said.
A third source, citing people close to Xi, said: "He's unwell, but it's not a big problem."
All three sources spoke on condition of anonymity.
The lack of an official explanation has fuelled Internet speculation surrounding Xi's condition, and brought some pointed questions at briefings by China's foreign ministry.
On Tuesday, the ministry's spokesman Hong Lei was asked whether Xi is in good health. Sticking to his government's usual reticence, Hong said he had no information to give. But he appeared dismissive of any suggestion that Xi could be in a bad way.
"I hope you can ask a serious question," Hong said when asked to confirm that Xi was alive.
China's popular Twitter-like microblogging site Sina Weibo blocked searches for Xi's name, as is common with top leaders, but users as usual found ways to skirt the restrictions, referring to Xi as "the crown prince".
"What's up with the crown prince? He's vanished for the last 10 days or so and the whole world is wondering where he is," wrote one user.
Xi had been scheduled to meet visiting Danish Prime Minister Helle Thorning-Schmidt on Monday afternoon for a photo opportunity, according to a media advisory that had been circulated on September 5. But the event did not take place.
Thorning-Schmidt told Reuters in an interview that a meeting with Xi had never been on her programme, which was released on Friday.
"I think there has been a slight misunderstanding," she said. "I would, of course, very much like to see him (Xi) and I think I will see him at some stage, perhaps on my next visit to China, but he was never in my programme which we released on Friday, so there shouldn't be anything new in my not seeing him."
The foreign ministry's website shows Xi's most recent public appearance was at a ceremony at the ruling Communist Party's Central Party School in Beijing on September 1.
The rumours about Xi come at a tempestuous time for Chinese politics. The 18th Communist Party Congress, at which China's next top leaders including Xi are likely to be unveiled, is set to take place in October.
Earlier this year, senior politician Bo Xilai, once seen as a candidate for the top rung of party leadership, was suspended from the Politburo and his wife convicted of murdering a British businessman. The wife, Gu Kailai, was given a suspended death sentence last month.
In another scandal this month, a senior ally of President Hu Jintao was demoted after sources said the ally's son was involved in a deadly crash involving a luxury sports car.
China has been engulfed in the past by rumours about senior leaders.
Last year, the official Xinhua news agency was forced to come out with a one-line statement in English denying former President Jiang Zemin had died, following feverish online speculation and a report from a Hong Kong television station.
Porsche Macan T: The Specs
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Top speed: 232kph
Fuel consumption: 10.7L/100km
On sale: May or June
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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Brief scores:
Manchester City 3
Aguero 1', 44', 61'
Arsenal 1
Koscielny 11'
Man of the match: Sergio Aguero (Manchester City)
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The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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The specs: 2019 Infiniti QX50
Price, base: Dh138,000 (estimate)
Engine: 2.0L, turbocharged, in-line four-cylinder
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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.”
Rafael Nadal's record at the MWTC
2009 Finalist
2010 Champion
Jan 2011 Champion
Dec 2011 Semi-finalist
Dec 2012 Did not play
Dec 2013 Semi-finalist
2015 Semi-finalist
Jan 2016 Champion
Dec 2016 Champion
2017 Did not play
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Three ways to limit your social media use
Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.
1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.
2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information.
3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5