Through its app, customers can watch their coffee being

Luckin raised $561 million in its initial public offering Friday by selling 33 million American depositary shares at $17 apiece.

The ADS, which are trading on Nasdaq under the symbol “LK,” closed at $20.38 after rising as high as

$25.96 earlier in the day.Museums are not only there for enjoyment; they are education, and as such should be free.

While I can appreciate the enormous costs involved in maintai

ning and obtaining collections, let the wealthiest 1 percent of the country pay for it.

The Met in NYC is technically free; they ask you to give what you can afford. But the idea

of a person or child interested in art not being able to view it because of cost is morally wrong.

Free entrance does not attract people, nor does it encourage them to appreciate it

www.cn-yongan.com

n macroeconomic terms, the China-US trade dispute ha

as added huge uncertainties to the US economy and raised the likelihood of recession. Which could

thwart the US president’s chances of being re-elected in 2020. And the trade dispute could pre

vent the US from taking the measures it intends to in order to consolidate its national power.

As for China, the significant deviation in the US’ stances and objectives

in the trade talks should be a warning for it to more strictly stick to its principles. And the

fact that the US wants to challenge the laws of economics should not be reason for China to try to do the same.

China may grant official 5G licenses, instead of the interim licenses previously planned, to tel

ecom carriers this year and is likely to start commercial use of the superfast wireless technology na

tionwide in the near future, possibly as soon as October, according to people familiar with the matter.

www.sailingcity.org

The operation of the infant ward was suspended, and the hosp

ospital was ordered to solve management problems relating to the case, check on the condition of the surviving babies and console the parents.

A deputy director of the health bureau of the Shunde district of Fo

shan, Guangdong, was also fired, and others deemed responsible were punished.

No new case has been reported in the hospitals that have treated the affected babies.

The provincial health commission has ordered all the medical institutions in the province to check their infection-control procedures.

The viral strain that affected the infants was identified by the commission as Echo 11. It is an intestinal virus to which chi

ldren, especially infants, are susceptible. It is closely related to a respiratory infection.

www.ashddd.com

Ministry: No winners in China-US trade wartrade war, and C

There is no winner in a trade war, and China hopes to solve the issue through dialogue rather than unilateral mea

sures, said Gao Feng, Commerce Ministry spokesperson at a news conference on Thursday.

The two countries should meet each other halfway and resolve problems through cooperation and discussion, Gao said.

Qin Guangrong, former Party chief of southwest China’s Yunnan Province, is being investigated for suspe

cted serious violations of Party disciplinary rules and laws, according to the country’s top anti-graft body Thursday.

Qin is being investigated by the Communist Party of China Central Com

mission for Discipline Inspection and the National Supervisory Commission.

He voluntarily surrendered.The peaceful resolution of Sino-US tra

de tensions is the expectation of the whole world, the spokesman added.

www.chitudoudemao.cn

This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

www.euitdm.cn

The glazed tiles on the top of the China Pavilion are i

 in fact a type of aluminum alloy that can be used to imitate the shape of traditional Chinese a

rchitecture at a low cost. It is an example of how modern technology is applied at the ex

hibition,” Li Liang, a designer of the pavilion, was quoted by Beijing Daily as saying.

By installing rainwater collection devices on the roofs and tanks beneath the pavili

on, a mini ecological circulation has been created by gathering rainwater to irrigate the terraced fields.

Shen Yanyan, who camea with her family from Jiangxi province for a visit, said that

although she didn’t know much about design, she felt the building was “very cool”.

“We saw its shiny roof upon entry to the park and we were immediately attracted,” said the 33-year-old. “The Chin

a Pavilion is not only beautiful outside, but also inside. My mother is very happy to see flowers from so many pro

vinces and regions of the country, and all are well-trimmed and placed in the pavilion’s exhibition halls.”

wwwnqlbncn

China looks to strike a balance between meeting finan

ancing needs, sustainable development and debt sustainability, according to Finance Minister Liu Kun.

“We will build a high-standard and high-quality financing system to s

upport long-term and sustainable BRI investment while preventing debt risks,” Liu said.

He suggested promoting financing cooperation for projects in

third-party countries, equity investment and attracting more private funding.

Enhancing debt and risk management is a key consideration for deepening BRI financi

ng cooperation, said Yi Gang, governor of the People’s Bank of China, the central bank.

“The debt issue in developing countries should be treated objective

ly. If debt growth is accompanied by infrastructure improvement, enhancement of people’s liveliho

ods and productivity and poverty reduction, it will be beneficial for the sustainability of long-term debt,” Yi said.

www.ex187.cn

“Essentially, it depends on the growth of money sup

pply (M2),” said Sheng Songcheng, a central bank adviser and a former director of the central bank’s statistics department.

The central bank released M2 data on Friday, which recorded a 13-month high of 8.6 percent by the end of March, accelerating from 8 percent by February.

Aggregate social financing, a gauge to measure broader financial activities including trust funds and local govern

ment bonds, also grew faster than market expectations. That total financing amount grew to 2.86 trillion yuan in Mar

ch, or a 11.1 percent growth from a year earlier, compared with 10.6 percent in February, said the central bank.

“According to the latest economic data, there is less necessity for RR

R cuts, but it requires further observation on future changes,” said Sheng.

If the central bank further cuts the RRR, when economic growth is already stabilized, inflation wi

ll surge, and possibly lead to funds flowing into the property sector instead of supporting the real economy, he added.

gjrcpx.org

This so disappointed and frustrated it that it has begun

 question whether the US is really trying to improve the DPRK-US relationship and it is wondering whe

ther its previous steps to promote engagement with Washington were the right thing to do.

In what was the most comprehensive review of Pyongyang’s recent i

nteraction with Washington, the DPRK leader put the ball decisively back in Was

hington’s court after the US president floated the idea of a third summit on Thursday.

Washington maintains unabated zeal for a deal of some sort, because ot

herwise the engagement with Pyongyang since last year

would be regarded as failure. So, more likely than not, it will try to find a way to keep the possibility of a summit alive.

But the “correct manner” Pyongyang demands is Washington forsaking its “max

imum pressure” and demonstrating sufficient goodwill by relieving, or completely rollin

g back, sanctions, putting an end to the state of war, or, even better, offering economic incentives.

www.chitudoudemao.cn

and serve the WTO’s interests and goals, and how sh

the organization’s reform be carried out? Two experts share their views on the issue with China Daily’s Liu Jianna. Excerpts fo

llow:China’s developing country status has not changedBai Ming, a senior research fellow at and deputy direc

tor of the Institute of International Market, Chinese Academy of International Trade and Economic Coope

rationDespite the large size of its economy and remarkable GDP growth, China remains the largest developing economy

. Even though there are no WTO definitions of “developed” and “developing” countries, compared with China, p

eople in developed countries enjoy higher living standards. Besides, China still has to lift millions of people out of pov

erty, especially in its central and western regions.Due to its huge population-the largest in the world-China’s per c

apita GDP is still very low in relation to that in developed countries. For instance, China’s per capita GDP of less th

an $10,000 in 2018 was meager compared with the US’ nearly $60,000, and low

er than the over $10,000 per capita GDP of some other developing countries such as Russia and Argentina.

www.cctif.cn