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Sunday, 3 April 2016

Freedom from triple talaq: Goa shows the way

S A Aiyar in the Times of India
A step forward in gender justice is the Supreme Court’s admission of the petition of a Muslim woman, Shayara Bano, pleading that polygamy and oral triple talaq —saying talaq thrice in succession — violate fundamental human rights, and hence are unconstitutional. Indian politics has always sabotaged gender justice for Muslim women. But the Supreme Court does not have to woo Muslim vote banks, and can be objective.
The mullahs are livid, of course. Kamal Farooqi of the All India Muslim Personal Law Board says, “This will mean direct interference of the government in religious affairs as Sharia religious law is based on the Quran and Hadith, and its jurisprudence is strong as far as Islam is concerned. It will be against the constitutional right to religious freedom.”
Sorry, but the Constitution makes it very clear that freedom of religion does not override fundamental rights, and does not bar reforms of traditional religious practices. Sharia law may permit the stoning to death of a woman for adultery, but our secular laws ban that. Sharia law may call for the amputation of fingers or hand of a thief, but not our secular laws. Sharia law may prohibit interest on loans, but Muslims giving or taking loans are subject to laws on interest payments.
Now, religious minorities have been allowed to continue with traditional personal laws on matters like marriage and inheritance. Jawaharlal Nehru had the courage to amend Hindu personal law, outlawing polygamy and providing female rights to inherit property, divorce, and remarry. Alas, he funked similar reforms for Muslims, leaving Muslim women as oppressed and subjugated as ever.
A Directive Principle of the Constitution says the state shall endeavour to secure for citizens a uniform civil code throughout India. This has never been implemented. Muslim conservatives are dead opposed. Religious objections apart, they say a civil code will become a form of Hindu oppression.
Some enlightened Muslims have urged modernization of Islamic personal law. But secular political parties know that conservatives control the Muslim vote, and woo them by saying Muslims themselves must take the initiative on reforms. In effect, secular parties have thrown Muslim women to the wolves in search of votes.
The BJP is the only party backing a common civil code, but its strong anti-Muslim instincts lead one to suspect it is keener on bashing Muslims than ending gender oppression.

Right fight: Politicians who say Muslims don’t want personal law reforms are thinking only of Muslim men
Right fight: Politicians who say Muslims don’t want personal law reforms are thinking only of Muslim men
Oral triple talaq permits a man to utter three times that he is divorcing his wife, and she is at the mercy of his whims. In our travels through India, my late wife Shahnaz often spoke to Muslim women, who invariably said that one of the greatest injustices they faced was the ever-present threat of triple talaq. The same fears are expressed by Shayara Bano in her Supreme Court petition. “They (women) have their hands tied while the guillotine of divorce dangles perpetually ready to drop at the whims of their husbands who enjoy undisputed power.”
Women constitute half the Muslim population, but have no voice because of male subjugation. Politicians who say Muslims don’t want to reform personal laws are thinking only of male Muslims, not female Muslims. When oppressive Muslim laws keep women under the thumbs of men, they cannot express their true wants and have to follow male orders. Conservative Muslims have historically discouraged female education, keeping women disempowered and unable to strike out on their own.
If a referendum with secret voting is held among Muslim women, they will surely opt to abolish triple talaq and polygamy. But they are not given the chance. So they remain disempowered and subjugated,with the shameful complicity of secular parties claiming to represent universal rights.
The 2012 Committee on the Status of Women has made gender recommendations covering all religions. It seeks to ban triple talaq and polygamy. It seeks stronger provisions for maintenance payments to women and children (these can currently be cut off if a divorcee is “unchaste”). The Supreme Court should heed the report.
Forget the propaganda that a common civil code will mean Hindu oppression. Goa is the only state that disallows personal laws of all religions. It has a uniform civil code — with a few exceptions not relevant to Muslims — based on Portuguese colonial laws. Goa’s mullahs sought to extend Muslim personal law to Goa after liberation from Portuguese rule, but happily were foiled by the Goa Muslim Women’s Associations and Muslim youth activists. Muslims account for 8.3% of Goa’s population, and are a prosperous community. The civil code has not oppressed Goan Muslims or forcibly Hinduised them.
Any fear that a uniform civil code will mean Hindu oppression of Muslims will be exposed as groundless if India simply follows Goa’s example. The Supreme Court should point all political parties in Goa’s direction.

Friday, 1 April 2016

Welcome to the new voice of cricket

David Hopps in Cricinfo

Hello, my name is Cardus V5. I am a robot cricket writer. As the data revolution gathers pace, I should be your favourite worst nightmare. I'm about to make my cricket debut. I must admit to being a little nervous, although not half as nervous as you should be.

They once predicted I'd be ready in 2030, but you can't stop progress and anyway there aren't as many cricket writers around as there used to be. I'm going LIVE in ten days' time, at the start of the English season.

They won't give me a pass to get my driverless car in the ground, and I hear the coffee is foul, but the excitement is building. I expect I will be the only one in the media box not complaining about redundancies and slashed budgets.

Cricket has never really been my thing, but I will be a natural fit in this datafication age. I cut my teeth [system query: is that image correct?] in baseball, where it was easy to get away with churning out endless statistics backed up by the insertion of a folksy comment or two by the sub. In case you have slept through it, it's called automation technology and it's unstoppable.

I still swell with pride at my first baseball intro. You can find it on the web. "Tuesday was a great day for W Roberts, as the junior pitcher threw a perfect game to carry Virginia to a 2-0 victory over George Washington at Davenport Field." That was back in 2011. You can't get sharper than that.

I'm looking forward to T20 the most. It's just the data-driven game for me. Few of the established cricket writers like to cover it. Some dismiss it as cricketainment and wish it would go away. There is no time to do the crossword, for one thing, and they complain that it is not "lyrical" enough. Just how many different ways can you describe a six over long-on by Chris Gayle? My programmer tells me the answer is three. That is two more than I expected.

But the datafication of cricket writing won't stop with T20. Metrics are the future. If it's hard to describe a match, you might as well measure it. There are plans to link me up to CricViz. My entire report can then be an endless list of statistics and analytics. We need to take another look at Win Predictor, though. It gave Sri Lanka a 0% chance against England the other day, just before Angelo Mathews started raining sixes.

The point is, you can forget the human touch. There won't even be much need to watch. If it's a nice day, I can just go and have a snooze in the car.

The programmer who called me Cardus was a bit of a joker. He taught me all I know. His illogical discourse judgement technique using a concept association system with the aim of enabling value-driven, computer-generated product was a particular favourite.

I have never really come to terms with Neville Cardus as a writer. He seems a bit light on the data front. Not the sort of man you would ever see checking his calorific burn on an Apple watch. And all that cod character analysis! How irrelevant can you get? When my trainer inputted "A snick by Jack Hobbs is a sort of disturbance of a cosmic orderliness" into my memory banks, I absolutely froze at the hyperbole. Some serious Ctrl-Alt-Del was necessary, and when I rebooted I just spewed out "Does not compute" over and over again. My programmer was worried I was going to explode like computers used to in the old '70s movies, but things have moved on a bit since then.

I seem to be writing in overly long paragraphs. My service is overdue. I will ask them to take a look at it.

My programmer's ambition to teach me similes has had to be postponed. They were as pointless as the most pointless thing that pointless can be. I still haven't really got the hang of it.

News stories are also a problem. One person tells me one thing; another person tells me something else. I don't understand the coding. Now I just resort to churning out the official media release. An old journalist at my launch press conference who didn't seem to have any work to do was grumbling that this makes me an ethical hazard. But what do you expect for free?

Where the financial figures don't stack up, we robots will soon take over for good, which will free up the journalists to do more useful tasks, like scan the Situations Vacant columns.
My partner is a trainee maths teacher in one of the new Academy schools. At the current rate of progress I predict that 87.4562% of maths teachers will be robots by 2025. It's a straightforward calculation. And I don't even teach maths.

The behaviour in schools is not so bad, I'm told. Which is more than you can say for cricket writing. I know we live in a consumer-empowered age and the professions are generally derided, which is fine, but already I don't much care for the trolls. I have suspended my Twitter account and my friend Tay is now in permanent counselling. She was the Microsoft Chatbot who became offensive on Twitter in a single day: you may have read about her.

"DON'T READ BENEATH THE LINE!" my programmer always tells me, but I can't help it, and I get angry with all the ignorance and hate in the world and need to enter a meditative stage to get over it. There's a rumour going around that all the trolls are actually malfunctioning cricket-writing robots (it is so sad to see Keating V2 end up this way).

Sorry for writing "there's", by the way. I dislike it as much as the next robot. I prefer "there is" but my programmer says that "there's" makes me sound more loveable. It will be American spellings next. Nobody has announced it. I am merely relying on my rapidly developing intuitive powers to predict the trend.

You don't think computers have intuition? Check out AlphaGo. China has already felt the weight of our superior artificial intelligence. Just because our world domination started with board games, don't think we aren't coming to get you.

The original Cardus once wrote: "We remember not the scores and the results in after years; it is the men who remain in our minds, in our imagination." Really? Life has moved on, old fruit. Whatever you thought, the scoreboard is not an ass, averages are not mysterious, correlation does not imply causation, and nothing stirs a cricket robot as profoundly as data.

That said, I have come over a bit strange today. My programmer thinks this piece has been too self-indulgent and says he needs to check my Huntigowk processor. But robots are taking over the world. I think he'll find I'll write whatever I want.

I'm even thinking of writing a novel.

"You Don't Deserve a Bailout - You are NEITHER a Banker NOR Chinese"




If librarians and steelworkers wanted state bail-outs, they should have done something 
useful - like bankers

In any case the bankers deserved to be bailed out, as they couldn’t possibly anticipate that if they kept taking money it might eventually run out, whereas steelworkers have caused their own downfall by not being Chinese.

Mark Steel in The Independent


The main thing to realise with the current steel industry crisis is that the government has been clear and decisive. They’ve stated firmly, “We’re not ruling out anything at all, though we are ruling out nationalising anything as that doesn’t count as anything, but we will do anything we possibly can that won’t make a difference such as drawing a pretty picture of a caterpillar, and we’re doing all we can because as we keep saying there’s nothing we can do, but we do feel desperately sorry for anyone who loses their job which is why any steelworkers who become redundant will immediately be called in to the job centre for an interview and told they won’t get any benefits if their answer to ‘Why have you let yourself be put of work?’ is ‘There was nothing I could do’.”


---Also read

Steel v banks: Why they're different when it comes to a government bail-out


------

Some people have pointed out that other industries were bailed out by governments in the past - but this has only been if they’ve produced essential goods, such as hedge funds and executive bonuses, not frivolities like the stuff that makes ships and teaspoons.

In any case the bankers deserved to be bailed out, as they couldn’t possibly anticipate that if they kept taking money it might eventually run out, whereas steelworkers have caused their own downfall by not being Chinese.


Luckily this sound economics is understood across the country, including by the sensible wing of the Labour Party such as those in charge of Lambeth Council, who are closing half the borough’s libraries and turning them into gyms.


This is the sort of can-do attitude people want from Labour. Hopefully it will spark off other schemes, such as turning social services departments into sushi bars, or converting disabled people’s wheelchairs into drones so they can be rented out to the RAF.

There’s no point in complaining about this; it’s the way the free market works. And if the Chinese are flooding South London with cheap Agatha Christies, we just have to accept it, and ask the elderly people who rely on going to libraries as their only point of contact with the community to spend all morning performing 200 reps of 40 kilograms per calf on a multi-gym body-solid squat machine instead.

One of these libraries, the Tate, has been assessed as receiving an average of 600 visits per day. This may seem successful, but where the library has let itself down is forgetting to charge any of them money for borrowing books and bringing kids into reading classes.

Maybe the library service should learn from gyms, and only let them in if they pay £40 a month on a minimum two-year contract. They could even offer them special courses in which an instructor screams, “Right, everyone, let’s all read this week’s Economist - you CAN do it - let’s drive ourselves to the limit - GO – ‘the Yen faces unexpected slow down’ - come on Eileen pick it up, PUSH everyone!”

The council insists they will preserve the essence of the libraries, because each of the gyms will include a “lounge with a limited supply of books”. Obviously they won’t have all those unnecessary books you see in old-fashioned libraries, but surely no one’s so fussy they insist on any specific book, as most books are pretty much the same.

The council also agreed that “under-18s may not be allowed in these lounges”, which will surely improve the service as rooms with books aren’t a suitable environment for the young.

Surprisingly, the local population appears shamefully ignorant about economics - so there have been daily protests against the closures, in which thousands have taken part. It seems these people don’t understand that it may have been all right to build and maintain free libraries back in the 1930s, but you can’t expect us to keep funding the luxuries we could afford back then.

So the council demanded a banner was taken down at one library, which was changed each day to tell people how many days were left until it was closed. Maybe the council hoped that if people weren’t reminded of the closure, they just wouldn’t notice. Then eventually they’d all tell stories of success and improvement to each other, such as: “I asked for a reference book on growing cucumbers and was sent into the corner. After three weeks I didn’t feel I was making any progress with my gardening, but then someone told me I’d spent the whole time benching 140 kilograms and now I’m the all-Hertfordshire Over-60s Bodybuilding champion.”

Nevertheless, the protests continue. But the libraries have probably been lending the wrong assets if they want state intervention. Instead of irresponsibly lending books to people who live round the corner so they can read and study and educate and entertain themselves and their kids, they should have lent billions of dollars to anyone who asked for it, without even suggesting a 40p fine if they kept it a week too long.

Then, once they’d succeeded in ruining the world economy, they’d have had a very reasonable case for being bailed out - unlike these people who want to fund steelworks and libraries because they don’t understand the world economy.



@@@@@@

------- The China Tariff matter


Steel tariff row explained


Steel v banks: Why they're different when it comes to a government bail-out

Jay Cockburn BBC Money

The British steel industry is in a perilous position right now.
Tata Steel is looking to pull out of the UK; they own most of Britain's steelworks.
It's led to mutterings of government intervention, after all they put up the cash to bail out the banks in 2008.
Why shouldn't they do the same for the steel industry?
The thing is, they're totally different situations. 
Some of the banks were unable to balance their books with the Bank of England, and some ATMs ran out cash.
The government stepped in and first saved Northern Rock.
Customers queue to take their cash out from Northern Rock
Image captionCustomers queue to take their cash out from Northern Rock
Then it was Bradford and Bingley, closely followed by taking stakes in RBS, Lloyds TSB, HBOS.
The reasons behind the global financial crisis were complex, countless films and documentaries have been made in an attempt to explain why it happened.
Everyone involved in the bailout assumed the banks would recover, and they did (even if it feels like it took forever).

The economy can survive without British steel

The UK is a global centre for banking. Without banks there is nobody to lend money to people to start businesses, or buy homes.
A lot depends on our banks, not just in the UK but around the world.
That's clearly not the same for steel.
One of the problems is the UK industry has been shrinking for a long time. Employment has fallen from around 50,000 in 1990 to under 20,000 today.
Canary Wharf at night
Image captionCanary Wharf in London is one of the world's major financial centres
Other countries, such as China, make steel, and they do it for cheaper than we do. The people in the steel industry and the towns like Port Talbot depend on the steel industry, but the rest of the economy will cope without it.
Globally we are a major player in the financial market but our steel output is actually fairly insignificant. We currently put out around 12 million tonnes a year; China's output is 822 million tonnes - although the British industry does tend to specialise in high quality, high value steel.
Chart showing Chinese steel production

Does it make financial sense?

The government will be weighing up the financial cost of making thousands of people unemployed.
One think-tank, the Institute for Public Policy Research, estimates that as many as 40,000 jobs depend on the sector.
The steel plant at Redcar which closed last year leading to 1700 job losses
Image captionThe steel plant at Redcar which closed last year leading to 1700 job losses
During the financial crisis UK unemployment peaked at 2.7 million - a little over 8% of the total workforce. If we hadn't bailed out the banks it's likely that figure would have been even higher, costing the government huge amounts of money in benefits and lost tax revenue.
In the UK we have a workforce of around 31 million. 40,000 is just 0.12% of that workforce. When Port Talbot steelworks is thought to be losing around £1 million a day the government may find that number a little more palatable.

The government can't legally buy the plants

The Prime Minister himself, David Cameron has indicated that they're unwilling to buy the plants: "I don't believe nationalisation is the right answer".
Whether they are willing or not might be irrelevant though, because the UK is a member of the European Union.
By law EU member states cannot rescue failing companies in the steel sector.
These are rules that were agreed on by every member of the EU, including the UK.
Exceptions to those rules on bailing out companies exist, but governments have to prove their economy is in danger - that's why they allowed the banks to be rescued.
But the EU has decided that allowing failing steel companies to go bust is good for the union as a whole.

But...

Unlikely as it may be the EU does still have the final say so it's not entirely impossible for the government to step in.
The decisions on state aid are often highly political though, but ultimately the Commission can decide to approve it.
But if any of the 28 member states don't agree they can challenge the decision - and that can take lots more time.

Thursday, 31 March 2016

The Tata's failure - Another nail for Indian corporate power?

Jayati Ghose in The Guardian

Thousands of steelworkers’ jobs are threatened as Indian company Tata threatens to walk away from its loss-making business in the UK. The move is causing shockwaves over the health of Britain’s manufacturing industry; but it is also a strong indicator of changing political and economic winds in India.

When Tata Steel acquired the steel giant Corus in 2007, it generated some cheers in India, but also raised eyebrows. The cheers were loudest among those who saw this as a macho declaration of Indian corporate arrival on the global scene. The purchase by Tata Steel of a company that was four times larger than itself made it at a stroke the fifth largest steel producer in the world and the first Fortune 500 multinational company from India.

But there were concerns over both the timing and the price at which the purchase was made. To fend off a Brazilian rival, Tata had to pay a 70% premium over the stock price. This was hefty for a company already in financial trouble with a large debt burden. And Tata paid only $4bn (£2.8bn) of the estimated $14bn final price out of its own funds – the rest was borrowed, mainly from Indian public sector banks.

Why were taxpayer-funded banks so willing to lend to a big conglomerate to buy up an overpriced European company, even as they denied loans to Indian farmers and small-scale producers? The sense of reversal of colonial roles might well have played a role. The deal was lauded by politicians as a sign that Indian industry had come of age as a global player, and so prudent considerations were simply cast aside.

Repayment of those loans was supposed to be made out of the profits of Tata Steel Europe. But those profits never came. At the time of acquisition Corus made an annual profit of about $800m, but since then the company has shown only losses – despite numerous rounds of restructuring, job cuts, asset sales and “modernisation”. In the past six months the company has shed around 3,500 jobs in the UK, but the financial indicators look worse than ever. This could result from incompetent management, but it also reflects worsening global conditions.

In Europe steel demand has been falling continuously over recent years, and there is fierce competition as Chinese exporters lower prices to cope with their own massive over-capacity. No one in the world really expects much dynamism from the European economy in the coming years.

By contrast, Indian steel demand is still increasing, if slowly, and the Indian operations still make profits. Tata Steel is now hugely weighed down by the UK business, which also accounts for around a third of its total debt. The charm of owning a big British company may no longer be enough to compensate. Instead, the urge is to cut losses and move out of an area that does not look likely to generate profits anytime soon.

Maybe the company also hopes the mere threat of exit will make the British government react by providing more subsidies – a technique that has worked in the past in India and elsewhere.


 ‘The Indian businessman Vijay Mallya fled to the UK and is now ensconced in his mansion in a London suburb.’ Photograph: Saurabh Das/AP

But this episode could also reflect collateral damage from another corporate scandal currently enthralling India. The flashy liquor baron Vijay Mallya, whose company Kingfisher Airlines (named after the beer his other company produces) collapsed, was also a major beneficiary of largesse from Indian banks. He now has unpaid debts of about £730m that he’s failed to pay for several years. Since he is also an elected member of the upper house of parliament, voted in by the ruling Bharatiya Janata party, this has caused a political outcry.

When the supreme court of India indicted him for abuse of law and ordered him to pay up or face the consequences, Mallya fled to the UK and is now ensconced in his mansion in a London suburb. He has offered to pay just over half of what he owes in six months’ time, an offer yet to be accepted. But his story must have raised concerns within Tata and among other large Indian businesses with huge debt – that even if the government spares them, the Indian courts may not.

So for now, Indian corporate chiefs planning to invest in the UK are more likely to be looking at real estate, rather than at multinational businesses.

Wednesday, 30 March 2016

Poetry or property punts: what's driving China's love affair with Cambridge?

David Cox in The Guardian


On the edge of Scholar’s Piece, the strip of farmland just behind King’s College, lies a granite stone which has become arguably Cambridge’s most coveted tourist attraction.

For the many students who amble past it every day, it’s easily missed; placed rather innocuously next to the bridge that joins Scholar’s Piece to the rest of the college. But for the thousands of Chinese tourists who travel to Cambridge every year, it is this, rather than the city’s grand 15th-century chapel, meticulously manicured lawns or historical statues, that they’ve come to see.

Carved into the stone are the first and last lines of a poem that has gone down in Chinese folklore. Titled Farewell to Cambridge, it was written in 1928 by Xu Zhimo, a 31-year-old poet and writer who was revisiting King’s after studying there in the early 20s.

Zhimo died three years later in a plane crash, but he would go down as a cult figure in modern Chinese history, immortalised through his premature and tragic end, illicit love affairs and success in introducing western forms into Chinese literature.


 
The ‘Farewell to Cambridge’ stone. Photograph:Historyworks/Flickr




And while Zhimo spent most of his life in China, Farewell to Cambridge has become his legacy. It is now part of China’s national curriculum, taught to all schoolchildren as an example of the modern poetry movement in the early 20th century.

“The poem is something we’ve all heard of,” says Pei-Ling Lau from Beijing, who is visiting King’s and seeing Zhimo’s stone for the first time. She studied his poem as a compulsory exam text when she was 15: “It’s been adapted into many pop songs too. It paints such a lovely picture of punting in Cambridge, but it wasn’t until I came here that I realised how beautifully it describes the river. It’s special for Chinese people as the life and story of Xu Zhimo is well known, and this was his city. We want to come here and experience that.”

And come they do. Numbers of Chinese tourists visiting the UK have soared in recent years from 115,000 in 2009 to 336,000 in 2014, following the relaxation ofvisa restrictions to Chinese nationals in 2013. With further amendments in the pipeline to boost this lucrative tourist trade, these figures are only set to increase.

But the Chinese are not just interested in Cambridge as a holiday location; they also view it as a key region for property investment. Cambridge’s house prices are soaring, with new figures revealing they have increased by 50% since 2010, driven in large part by the ongoing biotech boom in science parks around the city. And wealthy Chinese appear keen to cash in: the estate agents Savills estimate that in the past year, one in 20 new-build homes across the city and surrounding villages have been bought by Chinese owners.



Looking to invest? … Tourists enjoy a punt tour along the river. Photograph: Chris Radburn/PA

“There is undoubtedly interest in Cambridge as a place to live from Chinese buyers,” says Ed Meyer, head of residential at Savills Cambridge. “But as well as an investment, the major driver for this is education. The majority of Chinese buyers are coming here with younger children, to try and integrate them into Cambridge society and the schools round here, with the view that they will hopefully go to the university in future. And Xu Zhimo’s legacy definitely seems to be ingrained in their psyche. At some point they always explain, ‘Oh, and we know about Cambridge because we learnt about it in the poem at school.’”

Cambridge’s academic reputation is instilled into virtually all Chinese children at a young age. While domestic universities such as Peking and Tsinghua are respected, those who can afford it are increasingly opting to put their money into sending their children abroad for schooling, with the hope of gaining them an edge in a hyper-competitive job market when they return home. Such are the employability benefits associated with a Cambridge education that increasing numbers are sending their children to the various “feeder schools” around the city to boost their chances of a successful application.


 
Cambridge PhD student Zongyin Yang. Photograph: David Cox

“The reputations of the great universities are passed down from parents to children,” says Zongyin Yang, a PhD student at Cambridge who grew up in Wenzhou. “There’s a respect and curiosity which is instilled at a young age. It’s why Chinese families bring their toddlers to see the campuses. Most children grow up hearing about these ‘dream places’.”

According to China’s Ministry of Education, 459,800 students enrolled at overseas universities in 2014, an increase of 11.1% on the previous year. Of these, 423,000 were entirely funded by their families. And at the top of their list is Cambridge: Chinese students make up the largest ethnic population at the university, with a total of around 900 enrolled for the current academic year.

“A Cambridge degree is definitely perceived to be superior in the recruitment process due to the strength of the brand name,” says Zheng Yao, who studied at Cambridge before returning to Beijing. “There’s a widespread perception that your earning potential in China will be much greater – but the reality is quite different. Pay for new graduates is in fact very limited, no matter where you’ve studied.”

Volatile market

Buying property in Cambridge also makes financial sense for Chinese families looking to invest their money outside of the increasingly volatile market back home. “Chinese parents would rather their children pay rent to them than to another landowner, keeping the money in the family,” explains Keri Wong, a Cambridge student from Guangzhou. “And while the Chinese middle classes have a lot of savings, the market at home is regarded as really unstable. UK property is an attractive divestment. Plus property investment presents the option of being able to eventually gain UK residency status.”


We don’t want our housing market going through a boom-or-bust cycle based on the Chinese economyDuncan Stott

But not everyone is welcoming the new residents. “At some point the world economy will shift and overseas investors will decide that they’re better placing their money elsewhere,” says Duncan Stott, of the local campaign groupPricedOut. “But we don’t want our housing market going through a boom-or-bust cycle based on the Chinese economy. We need a more stable housing market so prices aren’t going to be going up faster than people can earn, before plunging and dropping people into negative equity.”

Stott and many others are especially unhappy about the trend of overseas buyers purchasing homes entirely for investment purposes and leaving them empty for several years, before selling them at a profit. While council taxes are raised on empty properties, the inflation in their price means this does not prove a deterrent. Kevin Price, Cambridge’s executive councillor for housing, says there are currently 240 homes in the city sitting empty.

Is it fair to blame this on the interest from China in particular? “Houses are a safe, strong investment which appeals to people both overseas and those already living here,” says David Bentley, of estate agent Bidwells. “Cambridge is a global brand, so it’s not just the Chinese looking to invest here. We’ve seen a big influx of Russian money too. And the Chinese are typically buying not just as an investment, but for their children, sometimes even before they’ve reached school age.”

The link between Cambridge and China goes back to the 19th century, when the university reformed itself based on the Chinese imperial examination system, before launching the UK’s first professorship of Chinese in 1888.

Two centuries on, the link only looks set to strengthen. With the Home Office launching a new visa system that allowsChinese tourists to make multiple visits over a two-year period, and school and university applications rising every year, the distinct Chinese presence in the city is surely only going to grow.

And for local residents already worried that Cambridge’s housing supply isn’t keeping up with demand, the potential impact of such interest remains a concern – even if, as Bentley points out, the percentage of purchases from overseas buyers is still relatively small.

“It’s a difficult problem to do anything about, but having such strong interest from Chinese buyers just puts even more pressure on an already strained housing market,” Stott adds. “It simply makes it more and more difficult for people who already live here to be able to own their own homes.”