The first-ever Indian Students Mobility Report 2015, released by M.M Advisory Services reveals a renewed growth in the Indian student market, with student outflows surpassing China for the first time. The new report looks into Indian student mobility trends to the main English-speaking countries – the Australia, Canada, New Zealand, the United Kingdom and United States. These account close to 85% of the total outbound student mobility from India.
China saw a growth rate of 8% in student numbers to the five English-speaking countries between 2013-14, India drew a higher growth rate at 10%. There were over 300,000 students from India in 2014, however this figure still lags behind China’s 650,000 Students. Nonetheless, growth in the Indian market is a welcome change to the slump experienced over the past 4-5 years. The report further estimates the international students market in India is currently valued over $4.5bn, strengthening its position in the student mobility market.
Source: Indian Students Mobility Report
According to the firm, with the exception of the United Kingdom, every other country has seen more students go from India this year than previously. This could perhaps be attributed to the strict visa rules introduced in 2014.
The report, examining trends since 2005, was prepared using statistics and data from government departments in various receiving countries including the US’s Institute of International Education, the UK’s Higher Education Statistics Agency (HESA) and the Organisation for Economic Co-operation and Development (OECD).
On 11th March 2015, Dr. Christina Yan Zhang, China Director, QS Intelligence Unit met Jim O’Neill, ex Chairman Goldman Sachs Asset Management, father of the term “BRIC”. They enjoyed an interesting discussion on the QS BRICS University Ranking.
About the Conference
This is the 3rd year of the annual China Business Conference, oragnised by the China-Britain Business Council. This year, it attracts 500 participants, most of leading business leaders who are working on the Chinese market. More than 40 topical speakers have been invited from McKinsey, Alibaba, Arup, UK and PRC Government, Oxford University, just to name a few. The event was supported by CBI, London & Partners, British Chambers of Commerce, Commercial Section of the Chinese Embassy, China Council for the Promotion of International Trade, The UK Chinese Business Association.
Key topics cover:
Education, Innovation & Entrepreneurship
The Chinese Consumer
Visiting Britain – The Experiential Economy
Jim O’Neill on the Chinese Economy
Jim O’Neill is previously the chairman of Goldman Sachs Asset Management. He is one of the world’s most famous economists, who is best known for coining the term BRIC, which stands for Brazil, Russia, India, and China—the four rapidly developing countries that have come to symbolise the shift in global economic power away from the developed G7 economies.
Jim gave a keynote speech titled “Growth & China: Quality vs Quantity”. He seems to be very optimistic about the Chinese economy.
He argued that the slightly slowed Chinese economy is not a bad thing that might have concerned some. Instead, he argue that the Chinese economy currently stands at 7% GDP growth annually is mainly because “the Chinese government want its economy to slow down”. “The Chinese government is pursuing quality as opposed to quantity of growth”.
The Chinese economy has already slowed down in the past decade. However,”China’s economic growth hasn’t slowed as much as I predicted for the whole decade – yet.” And “China is the only BRIC not to disappoint”.
“Economically, at 7% growth, China creates another India every 2 years, another UK every 1 year, and another South Africa every 3 months”.
Talking about the role of the Chinese economy in the world, he pointed out that “the world economy in past 20 years has not slowed down that much than expected was directly a result of the strength of the Chinese economy”.
In conclusion, he proposes that he is very looking forward to 2016 when China would be hosting the G20 and he is keen to talk to policies makers in China to assist the sustainable development of its economy and hence the global economy.
Jim O’Neill and QS BRICS University Ranking
It was not the first time Dr. Christina Yan Zhang, China Director of QS Intelligence Unit met Jim O’Neill. They met quite a few times before at various events. For example, 30th September 2014 Lecture with Gerard Lyons and Jim O’Neill, The New Economic and Political World Order: Challenges and Opportunities on 30th September 2014 at the 48 Group Club event.
Before his keynote speech at China-Britain Business Council China Business Conference, Jim O’Neill and Dr. Christina Yan Zhang had a discussion about the QS BRICS University Ranking.
Jim O’Neill was surprised that it was the Russian, rather than the Chinese government who sponsored the BRICS Universities Ranking! Obviously, Mr. BRICs believed that China was the one that performed best among the BRICS countries and ideally, they would be the one to sponsor a regional rankings like this.
Jim O’Neill was very pleased to read the QS BRICS University Rankings and happily took a photo holding the ranking supplyment with Dr. Christina Yan Zhang.
(On 30th September 2014, Dr. Christina Yan Zhang, China Director, QS Intelligence Unit met Jim O’Neill at a 48 Group Club event with Gerard Lyons spoke on The New Economic and Political World Order: Challenges and Opportunities)
On 23th Febuary, Dr. Christina Yan Zhang, China Director, QS Intelligence Unit, was invited to an event where Angel Gurría Secretary-General of OECD was giving a City Lecture hosted by Official Monetary and Financial Official Monetary and Financial Institutions Forum(OMFIF) The Livery Hall of London, UK.
The Organisation for Economic Co-operation and Development (OECD) was founded after WWII, in 1948 to run the US-financed Marshall Plan for reconstruction of Europe. Since 1961 when the new OECD Convention was implemented, OECD has grown to become an influential international economic organisation of 34 countries, supporting economic progress and world trade. Through close working partnership with Brazil, China, India, Indonesia and South Africa, OECD actively engage 40 countries that account for 80% of world trade and investment.
Angel spent about half an hour talking about his view on efficient measures to attract global investments to bring about stronger, fairer and greener economic growth around the world. He had quoted a lot of figures in his speech to highlight the importance of productivity in boosting long term economic growth around the world.
He stressed many times in his speech the reasons that many countries in the world now start to experience slow growth economy- It is mainly because of productivity issue in the labour force-not since the financial crisis in 2008 , but long before that.
To order to enhance productivity, education is positioned at the centre, to support innovation, entrepreneurship, skills of labour markets, research, knowledge transfer. He used the example of Greece to highlight the issue of how low productivity has impacted on its economy.
The OECD Secretary General believed that now it would be the right time to encourage countries to develop a knowledge-driven economy, with more investments to strengthened infrastructure and better finance to support SMEs are all important to enhance productivity of countries, and hence boost long term economic growth.
On infrastructure, he said that measures should be developed to encourage more private sector to actively participate in infrastructure investment through the Public Private Partnerships (PPP).
Questions to the OECD Secretary General
As always, I was the first to raise the hand to ask the VIP speaker a question. I did think about asking him a question on education related question. But since he had spent so much time talking about the importance of productivity and the role of education in supporting. It might sound a bit repetitive in doing that. Therefore, I said: “Mr. Secretary General, you know it is now Chinese New Year now. While people around the world are celebrating Chinese New Year, many policies makers around the world are also discussing the Chinese Economy, which has grown into a ‘New Normal’stage, with slightly slower but healthy economic growth as proposed by Chinese President Xi Jinping. What is your view on the Chinese Economy with the ‘New Normal’growth, and how would that impact on our discussion today-global investments to support a stronger, fairer and greener growth”.
Clearly, the OECD Secretary General is very optimistic about the Chinese economy. He said that “The Chinese Economy with an annual growth rate of 7% is sustainable”. He thought the Chinese government is obviously very modest about their own economic forecast-“When President Xi Jinping said that the Chinese Economy would maintain about 7%, that is probably means the Chinese economy would remained at about 7.5% growth a year”. “They always tend to low-down the economic growth. That is very smart.If you end up 7.2%a year, you could say you over-shot the proper target”. China’s GDP grew at 7.4% last year”. “At such a growth rate, It does not let you lose any credibility. This is especially useful if you moderate the speed of growth. I think 7% growth is sustained and is good, which is normal, which is proper.I think anyone who thought they would be able to sustain 11% growth every year is not sustainble”. In conclusion, he said, “The current Chinese economy is stronger, fairer and greener growth”.
After the lecture, Dr. Christina Yan Zhang had enjoyed a interesting discussion with Angel Gurría Secretary-General of OECD on potential opportunities for OECD to work with QS on education related projects. Mr Secretary-General of OECD was very interested in what QS have been doing on the World University Ranking. He was very happy to be given the QS World University Ranking 10 Years Anniversary Book and a supplement of the QS World University Honoured. The Secretary General said he would like to ask Andreas Schleicher – Director for the Directorate of Education and Skills at OECD to get in touch and explore opportunities working together.
(Angel Gurría Secretary-General of OECD took a photo with Dr. Christina Yan Zhang, China Director, QS Intelligence Unit, holding both QS World University Ranking 2014 Supplement and QS World University Ranking 10 Years Anniversary Book, as a special recognition of the great work QS has been doing in the world of higher education)
Between 24-26th December, Dr. Christina Yan Zhang, China Director of QS Intelligence Unit was invited to visit Shantou University, the only university funded by Sir Li Ka-shing, the richest person in Asia( based on 2014 Bloomberg Billionaires Index), with a net worth of $31.9 billion.
（Sir Li Ka-Shing spoke at the annual graduation ceremony of Shantou University）
Here is an update of her visit.
I have envisaged many times in dreams to visit Shantou University. When I actually visited it, I would certainly say it is far beyond any expectation, although in a different way.
I have been a big fan of Sir Li Ka-shing since the first time I read about his story, but not by how successful he is as a business leader, but by all the great virtues he has demonstrated throughout his career as a kind and humble man. I got to know Shantou University when I was watching a documentary of Li, when 1/4 of the documentary was talking about the tremendous efforts made by all stakeholders to create Shantou University in 1981 and develop it into one of the most enterprising and emerging university in Shantou, a less-well developed coastal area of Southeast China.
Shantou was one of the original Special Economic Zones of the People’s Republic of China established in 1981, but did not blossom in the same manner that cities such as Shenzhen, Xiamen and Zhuhai did. I guess when Shantou University was first created, Li Ka-Shing would expect Shantou University to seize the great opportunity of the newly established Special Economic Zone and develop quickly. However, the overall economic development in Shantou has not been that quick as expected. This also impact on the development of the university.
(A picture of Shantou Special Economic Zone)
On 28th November, 2014, QSIU Directors met Prof. Zhang Jie, the President of Shanghai Jiaotong University in London, during the UK trip of Prof. Zhang.
(Ben Sowter, Head of QS Intelligence Unit, President Zhang Jie, President of Shanghai Jiaotong University, Dr. Christina Yan Zhang, China Director of QS Intelligence Unit met on 28th November, 2014 in London, UK)
The meeting took place in Imperial Colleges London, a university President Zhang who also visited on the day. Mr. Ben Sowter, Head of QS Intelligence Unit, Dr. Christina Yan Zhang，China Director, QSIU, met President Zhang, who was accompanied by a senior leader of the university.
It is the first time that any QSIU leaders meet President of Shanghai University. Therefore, President Zhang gave a brief introduction about the university’s history, its strategic focus and its dedication to internationalisation, innovation and cross-discipline research. President Zhang also discussed one of a recent article he was invited to contribute to Nature on 15th October 2014 on “Developing excellence: Chinese university reform in three steps“.
(President Zhang Jie shared his views about Chinese universities reform, as part of the article he recently published on Nature.)
Ben Sowter, Head of QS Intelligence Unit congratulated President Zhang on his all the achievement Shanghai Jiaotong University have achieved under his leadership, and responded with a brief overview of the key areas of work QSIU covers to support international strategy of universities worldwide, especially The Wharton-QS Stars Awards 2014: Reimagine Education, which President Zhang was interested in submitting entries for next year’s intake.
(Ben Sowter, Head of QS Intelligence Unit, talked about the Reimagine Higher Education Competitor to President Zhang Jie，of Shanghai Jiaotong University.)
The meeting lasted for about 1 hour, with President Zhang extended an invite for QS leaders to visit him again in Shanghai in the near future.
On 27th November, 2014, Dr. Christina Yan Zhang, China Director, QS Intelligence Unit, was invited to attend 2 lectures at Oxford University.
This lecture featuring speeches by the presidents of two leading universities in China, Prof. Peng Long, President of Beijing Foreign Studies University and Prof. Zhang Jie, President of Shanghai Jiaotong University.
(A photo of St Anne College, Oxford University)
The event took place at St Anne’s College, Oxford University. Being one of Oxford’s largest colleges, with some 420 undergraduates and 250 graduates, St Anne’s College aims to “prepare the students for the globally connected society of the future“. Maybe, there could not be a better place in Oxford to host those two distinguished Presidents of Chinese leading Universities.
There are about 100 Chinese students and staff who are studying/working at Oxford who attended the lectures. Besides leading Chinese media organisations based in the UK, QS is only external organisations invited to this interesting event.
Founded in 1941, the Beijing Foreign Studies University is the first foreign language university and offering the most language programs in the China. It is a small and specialised university, with only 7,000 registered students(5,000 are full-time undergraduates, 1,000 graduate students, and 1,000 overseas students). However, being the top Chinese universities specialised in foreign language cultivation(teaching 58 languages). By 2020, BFSU plans to teach 70 languages, with the ultimate goal of 90. With 80,000 alumni, more than 400 graduates become ambassadors, 1000 graduates become counsellors and therefore BFSU is dubbed the “diplomat’s cradle” of China.
The event started with President Peng Long talking on “The Chinese Economic Transformation- Characteristics of the Third Waves of Chinese Economic Reform”. President Peng is a known expert in China on International Finance and Stock Investment. He is also the Vice Chairman of China Association of International Trade, which is the professional body for experts in China on international trade.
(President Peng Long, Beijing Foreign Studies University spoke on “The Chinese Economic Transformation- Characteristics of the Third Waves of Chinese Economic Reform” at Oxford University)
He was very charismatic, he started his speech with a joke, “although I was responsible for one of the most prestigious Chinese universities on foreign language studies, I myself is not good at speaking English. I was too nervous last night to fall asleep because I was so busy practising my speech in English. I was much more relieved that I was told earlier that I could speak Chinese”, everyone in the lecture broke into laughters. President Peng, gave a very brave and frank speech to the audience, on his understanding of all the major economic reforms since the foundation of the PRC, especially the opening-up of the 1978, as well as the latest proposal of the Central Chinese Government to upgrade its industrial structure to be more innovation and knowledge driven. The audience was very impressed by his speech, some of the current Oxford students even start to ask questions to the President about how to become a staff of the university when they finished their studies at Oxford!
Dr. Christina Yan Zhang, China Director enjoyed an interesting conservation with Prof. Peng Long, BFSU President on the international strategy. President Peng was surprised to find that Dr. Christina Yan Zhang was from Nanjing-a city where he had been working for a long time during his academic career. He extended an invitation to Dr. Christina Yan Zhang and asked her to visit him and other senior leaders of Beijing Foreign Studies University when she was in Beijing again. Dr. Christina Yan Zhang accepted the invite and wish President Peng every success in his role leading the university to an unprecedented new height.
The second speaker of the day is Prof. Zhang Jie, the President of Shanghai Jiaotong University, a top 5 Chinese university(based on QS World University Ranking )who gave a speech on “University Governance: the people-oriented incentives system ”. Dr. Christina Yan Zhang also enjoyed a great conversation with Prof. Zhang Jie, who kindly agreed to meet her and Ben Sowter, Head of QS Intelligence Unit the following day in London despite packed timetable flying back home in China.
(Dr. Christina Yan Zhang, China Director, QS Intelligence Unit, as an invited VIP guest that night, was introduced to Prof. Zhang Jie, President, Shanghai Jiaotong University, one of the top Chinese mainland universities.)
On 5th November 2014, Nunzio Quacquarelli, founder and Managing Director of Quacquarelli Symonds, and Dr. Christina Yan Zhang, China Director, QS Intelligence Unit were invited to meet Mr. Zhu Shan Lu, Chairman of Peking University Council.
Peking University is one of the most prestigious universities in mainland China. It was founded in 1898 as a replacement of the ancient GuoZiJian-the Imperial College, which is the highest educational administration in feudal China. Ever since its foundation, Peking University has consistently played a leading role in forming progressive thoughts for China and have been influential in many major Chinese events in history, including China’s New Culture Movement, May Fourth Movement, just to name a few.
Nowadays, Peking University has been widely recognised as China’s top university in many different domestic and international universities rankings. For example, Peking University was ranked No. 57 in the 2014 QS World University Ranking, No.2 in QS BRICS Universities Ranking, and No. 8 in QS Asian University Ranking.
Peking University is located on the former site of Qing Dynasty royal gardens and retains Chinese-style landscaping as well as many traditional buildings. It is known for having one of the most beautiful campuses in mainland China.
(The beautiful campus of Peking University)
It is not the first time that QS leaders have visited Peking University. Dr. Christina Yan Zhang, China Director, QS Intelligence Unit has met President Wang EnGe and other senior leaders of Peking University a few times before at Peking University. Dr. Christina Yan Zhang was also invited to join universities presidents, vice-chancellors from more than 20 countries in May 2014 to participate in a high level summit hosted by Peking University on the future of cultivating innovative talents around the world.
The way Dr. Christina Yan Zhang got to know Chairman Zhu Shan Lu was a bit unusual. At a previous meeting with senior leaders of Peking University in June 2014, Dr. Christina Yan Zhang met an old gentleman who came downstairs to the VIP meeting room to check if the room was available. Christina said Hi to the old gentleman without knowing who he was. The old gentleman asked Christina if the room was available for meeting now. Christina said unfortunately not, because she was asked to stay in the room for a meeting with senior leaders of Peking University. Christina introduced herself and QS, as one of the world’s top 3 most influential world university rankings, to the old gentlemen and gave him her business card. Interestingly enough, the old gentleman warmly welcomed the presence of Dr. Christina Yan Zhang to Peking University and showed strong interest in the work of QS.
He said to Dr. Christina Yan Zhang that he would like to see Peking University working closely with QS to implement the UN’s millennium Goal to develop universities to suit the future needs of the world. The old gentleman kindly insisted that Dr. Christina Yan Zhang to stay in the VIP meeting room to wait for her hosts in the university for meeting, while he turn around and asked a young gentleman standing behind to find an alternative meeting room nearby. The old gentleman was very much enjoying talking to Christina that he extended his personal invite to get other senior leaders of QS to visit Peking University soon to discuss opportunities for collaboration. Throughout the process, this old gentleman did not introduce himself to Christina at all. Out of curiosity, Christina asked the two waitresses standing outside the VIP rooms who the old gentleman was. The two waitress told Christina that he was Chairman Zhu Shan Lu, the No. 1 leader in Peking University (more important than President Wang Engge) who enjoyed the same political rank as the Chinese Minister of Education). That is how the two get to know each other.
When meeting again, Chairman Zhu Shao Lu thanked Dr. Christina Yan Zhang for keeping her promise and brought the founder of QS to Peking University for discussion on collaborations.
Unlike Christina, it is the first time that Nunzio Quacquarelli, founder of QS visited this top university in China. Nunzio was very grateful towards Chairman Zhu for inviting him to visit Peking University. He started talking about his education experience as a bachelor student of Cambridge University and started to praise Peking University for having such beautiful campus which reminded him of his great university time study in Cambridge. Chairman Zhu Shanlu thought very highly of the work QS has been doing over the decades to assist the international strategy of universities worldwide through a wide range of data-driven services and research.
(Nunzio Quacquarelli, founder and Managing Director of Quacquarelli Symonds, and Dr. Christina Yan Zhang, China Director, QS Intelligence Unit, and Mr. Zhu Shan Lu, Chairman of Peking University Council met to discussed a wide range of potential partnership opportunities between two organisations.)
The meeting lasted for more than one hour, both leaders enjoyed the meeting too much that Chairman Zhu was half an hour late for his following meeting. Vice President Prof. Li Yan Song, Dr. Zheng Ru Qing，Deputy Director, Office Of International Relations, Dr. Yan Chun Hua, Deputy Registrar, and other senior leaders of Peking University also participated in the meeting.
(A group photo of all the leaders from QS and Peking University who participated in the meeting. From Left to right: Dr. Guo Cong Bing, Deputy Director, Office of the Chairman& President, Peking University; Prof. Li Yan Song, Vice President, Peking University, Dr. Christina Yan Zhang, China Director, QS Intelligence Unit; Nunzio Quacquarelli, founder and Managing Director, QS; Mr. Zhu Shan Lu, Chairman of Council, Peking University; Dr. Yan Chun Hua, Deputy Registrar; Dr. Zheng Ru Qing, Deputy Director, Office Of International Relations)
A wide range of partnership opportunities have been discussed and agreed at the meeting. Both sides are very pleased with the outcome of the meeting.
Mr. Zhu Shan Lu, Chairman of Peking University Council also presented a gift from Peking University to Nunzio Quacquarelli, founder and Managing Director of Quacquarelli Symonds, and Dr. Christina Yan Zhang, China Director, QS Intelligence Unit to thank QS for the visit.
(Mr. Zhu Shan Lu, Chairman of Peking University Council gave the gift to Nunzio Quacquarelli, founder and Managing Director of QS, and Dr. Christina Yan Zhang, China Director, QS Intelligence Unit)
(Nunzio Quacquarelli, founder and Managing Director of Quacquarelli Symonds, and Mr. Zhu Shan Lu, Chairman of Peking University Council holding hands together in the air, aim to build a close partnership between QS and Peking University. )
The annual QS BRICS Conference will take place on the 18th of June in China, in Beijing. The 2014 QS University Rankings: BRICS will be launched during the opening session of the event. To register click here. Join higher education leaders from Brazil, Russia, India, China, and South Africa to discuss institutional development, internationalization, student and academic mobility, academic recruitment and research collaboration. Read more