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QS Meet MR. BRIC Jim O’Neill

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.
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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.
CBBC conference

Key topics cover:
Education, Innovation & Entrepreneurship
Healthcare
Liveable Cities
The Chinese Consumer
China Outbound
Visiting Britain – The Experiential Economy
Advanced Manufacturing

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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.

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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.
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(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)

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QS Founder met Peking University Chairman

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

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.

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(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.

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(Dr. Christina Yan Zhang, China Director, QS Intelligence Unit met Prof. Wang EnGe, President of Peking University)

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.

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(Dr. Christina Yan Zhang, China Director, QS Intelligence Unit met Mr. Zhu Shan Lu, Chairman of Peking University Council.)

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.

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(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.

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(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.

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(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)

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IMG_1797(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. )

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QS University Rankings: BRICS to be launched in Beijing

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

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Indian government takes a closer look at university rankings

 

By John O’Leary

The Indian government is taking increased interest in QS rankings as the company begins to develop a ratings system for the country’s universities.

Ben Sowter, head of the QS Intelligence Unit, which is responsible for the company’s rankings, met Omita Paul, Secretary to the Indian President, with representatives of the Indian Centre for Assessment and Accreditiation (ICAA) in Delhi last month. The hour-long meeting at Rashtrapati Bhavan was the first for any rankings agency. Read more

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No better time to look at BRICS universities

Since Jim O’Neill, former chief economist at Goldman Sachs, coined the acronym “BRIC” in 2001 to describe four of the world’s fastest growing economies (namely Brazil, Russia, India and China), the BRIC countries have been under scrutiny, and has even been the subject of a forum organised by Columbia University, which they labelled BRICLAB. BRIC added an S in 2010 when South Africa joined the group. These five countries, making up more than 40% of the world’s total population, have reached a point where their further economic development is strongly correlated with the way they build quality higher education systems.

In fact, earlier this year, a comparative study of the BRICS higher education systems by Stanford scholars was published. University Expansion in a Changing Global Economy: Triumph of the BRICs? takes a close look at how the massive higher education expansion in Brazil, Russia, India and China is having a significant impact on the world supply of university graduates – particularly engineers and computer scientists. This expansion may also shift, at least partially, the locus of future development in the global knowledge economy towards the BRICS countries.

Perhaps a sign of the important role the BRICS are increasingly playing in matters of education, Ministers of Education from the five BRICS countries agreed to join forces with UNESCO to support education progress globally through coordinated actions and advocacy during a landmark consultation organized on the margins of the 37th Session of UNESCO’s General Conference in Paris this past November. UNESCO’s Director-General said at the opening of the consultation:
“Your countries have enormous potential individually to influence global education trends – this power is multiplied through collective action, through the experience you can share, through your growing roles as development partners, and through the new approaches you are developing for international cooperation.”

This is why there is perhaps no better time to look at the BRICS countries from a university rankings perspective. QS has been publishing a global university ranking – QS World University Rankings since 2004, and two regional rankings – QS Asian University Rankings since 2009 and QS Latin America Rankings since 2011. In December 2013, QS, in conjunction with the Russian news agency Interfax, will launch its first BRICS University Rankings. The BRICS will undoubtedly play a crucial role in tomorrow’s higher education landscape; however, they will also have to tackle massive challenges, such as quality education for all as only a minority of students go to the elite institutions that are considered world-class.

Find out the results of the first BRICS University Rankings on 17th December 2013 on topuniversities.com. In the meantime, please find more information on this post or on iu.qs.com/brics/ to register for the QS BRICS University Forum in Moscow on 17-18th December.

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First ranking of BRICS countries- out 17th December

QS is to publish the first bespoke ranking for universities in the so-called BRICS countries next month.

Like its other regional rankings, the one for Brazil, Russia, India, China and South Africa will have measures and weightings designed specifically for the group of countries concerned, rather than simply representing an edited version of previously published results.

In order to make valid comparisons between more universities than have precise positions in the QS World University rankings, and to reflect common priorities in the five countries, the new ranking will contain eight measures. They will include the proportion of staff with a PhD and the number of papers published per faculty member.

QS has worked with Interfax, the Russian news agency, to produce the new ranking. Interfax was commissioned by Russia’s Ministry of Education and Science, earlier this year and chose QS to compile the ranking because of its experience with regional and subject comparisons. The ministry has ceded control of the design of the ranking and any editorial content. The results of the pilot study will be presented at a conference in Moscow on December 17.

The ranking has also been discussed with India’s Minister for Human Resources and Development, Dr ShashiTharoor, and the Education Secretary, Ashok Thakur. Both are encouraging Indian institutions to participate in and submit data to international rankings to see if such comparisons can help them.

Dr Juliana Bertazzo, Higher Education Policy Adviser and coordinator of the Brazilian project ‘Science without Borders’, as well as Dr Renato Prado Guimarães, Secretary General at the University of Sao Paulo, Brazil, were also supportive of the new project, which will highlight the strengths of the universities of these emerging markets.

More than 400 universities across the five countries have been assessed for the new ranking. Only the top 100 will appear in the initial publication.

The methodology will be similar to those used for QS’s regional rankings for Asia and Latin America. Academic reputation will be the most heavily-weighted indicator, but at less than the 40 per cent weighting it receives in the QS World University Rankings.

Ben Sowter, who is responsible for the exercise as head of the QS Intelligence Unit, said the results would be valuable because the five nations had comparable characteristics that led to the development of the “BRICS” term in the first place. The company did not intend to include other emerging nations with few similarities simply because it had the capability to do so.

Jim O’Neill, who coined the term as chairman of Goldman Sachs Asset Management, said this month that the group remained a valid point of comparison, although Indonesia could have been included. Between them, they already represented a bigger market than the United States and would play important roles in the future, he said in a speech in London.

QS is to work with the Indian Centre for Assessment & Accreditation (ICAA), a private accreditation body, on a separate evaluation of Indian universities to be published next year. Dr Arun Nigavekar, the ICAA’s founder and a former chairman of the University Grants Commission, said the aim for Indian exercise was to create a system that was “globally accepted, yet locally grounded”.

QS and Interfax Group to launch first BRICS university ranking

BRICS

 

QS has been appointed by Interfax Group, a leading information provider in Russia and emerging “Eurasian” nations, to produce the world’s first university ranking of the “BRICS” countries.

The “QS University Rankings: BRICS”, as the ranking will be named, has received support from ministries of education and higher education institutions around the world. As one of the most trusted independent university ranking organisations, experienced in both global and regional rankings, QS was Interfax Group’s natural choice of partner for the project.

The new ranking was fostered by Russia’s ministry of education; following Russian president Vladimir Putin’s announcement (May 2012) to have at least five of the country’s universities in the top 100 in global university rankings by 2020.

Interfax Group was chosen out of five bidders to launch two new pilot rankings. The first will include only universities from the Commonwealth of Independent States (CIS),the second ranking is a “BRICS” nation ranking, which will include the universities of Brazil, Russia, India, China and South Africa; this will be a joint project between QS and Interfax Group.

Zoya Zaitseva, project director for QS University Rankings: BRICS says: “The BRICS nations are investing heavily in higher education, research and development as they recognize that creating knowledge and nurturing talents is essential to fuel the growth of their rapidly-expanding economies. The new ranking will increase their visibility and allow these universities to become more recognized on a global level.”

Dr. Mrs. Indu Shahani, Member  of the University Grants Commission, India and visiting faculty member at the UC Berkeley and NYU Stern says: “I’m delighted to be associated with the pilot of the QS University Rankings: BRICS. There is a strong belief among academics that this will create a new benchmark for young students as well as help raise the profile and global visibility of good Indian universities.”

She adds: “BRICS nations are accustomed to research studies on economic and political areas but this kind of educational research initiative based is a first and should be well received by Indian universities.”

Results of the first QS University Rankings: BRICS will be announced at the Interfax and QS BRICS University Forum in Moscow on 17th December 2013 and published on TopUniversities.com on the same day.