Chinese coffee startup Luckin Coffee will price its initial p

public offering at $17 per share on Nasdaq Stock Exchanges, CNBC reported on Friday.

This price is at the top of its expected range from $15 to $17 in a regulatory filing, indicating the value of the company at about $4.2 billion.

Luckin Coffee raised $150 million in the most recent Series B+ round of financing, lifting the B

eijing-based company’s valuation to about $2.9 billion, the company announced on April 18.

With the aid of new technology, Luckin Coffee provides customers convenient service with innovative business model.

“The old way is people looking for coffee. With us coffee finds the people,” Luckin Coffee’s Co-founder Eric Guo told CNBC.

As a representative of China’s new retail based on mobile app, Luckin Coffee, founded in 2017, has expanded at a rapid pace.

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Festival will mark 80th anniversary of popular cantata

The Central Conservatory of Music will hold a festival from May 23 to 27 to celebrate the 80th anniversary of The Yellow River Cantata.

Written by composer Xian Xinghai (1905–1945) in Yan’an, Shaanxi pro

vince, in early 1939, the piece was inspired by a patriotic poem by Guang Weiran, and the lyrics

were adapted for the cantata. Premiered on April 13 of the same year in Yan’an, the work became, and remains, popular.

The conservatory’s symphony orchestra, choirs and chamber music grou

ps will join in the festival with 20 concerts, including the opening concert on May 23 condu

cted by Yu Feng, president of the university. The Yellow River Cantata will be performed by young singers.

Veteran Chinese musicians and singers, including Guo Shuzhen and Wang Xiufen, will perform during the festival.

Besides concerts, masterclasses and forums will be held in Yan’an.

The music festival will also celebrate the 70th birthday of the country.

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Roads and buildings were illuminated Tuesday evening befor

I hope all Asian countries will respect and trust each other, co-exist in harmony, expand cross-border, cross-time-and-space as well as cross-civ

ilization exchanges, and jointly maintain the peaceful time that is more valuable than gold.

Asian people expect Asia of common prosperity

I hope all Asian countries will jointly promote economic globalization that is open, inclusiv

e, balanced, and beneficial to all, and work together to eliminate poverty and backwardness in some countries.

Asian people expect open, integrated Asia

Civilizations will lose vitality if countries go back to isolation and cut themselves off from the rest of the world.

Mutual respect, equal treatment among civilizations stressed

It is foolish to believe that one’s race and civilization are superior to

others, and it is disastrous to willfully reshape or even replace other civilizations.

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Since women have “internalized the thin ideal” from soci

ial media, they develop a negative relationship with their bodies. This often leads th

em to engage in “fat talk”-resulting in much lower self-esteem, Shen added.

Ye, from Hangzhou, who works as an accountant for Silergy Corp, said more than 90 percent of her colleagues in the finance

department are women, ranging in age from the early 20s to late 40s. Some have families, while others are singl

e or just “jump into” romantic relations. But all of them have varying degrees of dissatisfaction with their body shape.

“Every woman in our office is unhappy with at least one part of her b

ody. One of them might say her face is too round, while others are unhappy with their arms when

we sit together and gossip,” said Ye, who weighs 48 kg but frowns as she looks at the shape of her thighs.

“I have often thought I would be more attractive if my thighs were thinner,” she said, a

dding that one of her colleagues had not eaten dinner for at least two years in order to stay slim.

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Balancing growth with structural reformting perform

After a disappointing performance in 2018, China’s economy appears to be stabiliz

ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow

th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar

ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.

Moreover, fixed-asset investment (FAI) grew by 6.3 percent-0.2 percentage points higher than in the previous quar

ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in

frastructure (4.4 percent). The growth of investment both in real estate and infrastru

cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.

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Sino-US talks on trade seen as productiveeets with U

Negotiators from two sides aim to meet next week in Washington to continue

Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven M

nuchin met in Beijing from Tuesday to Wednesday for the 10th round of trade talks between China and the United States.

The two sides are working on putting bilateral trade on a stronger footing, and the lat

est meetings were productive, Mnuchin wrote on his Twitter account, without giving details.

A Chinese team is scheduled to visit Washington next week for another round of talks, Xinhua News Agency reported.

Liu is also a member of the Political Bureau of the Communist Party of China Cent

ral Committee and chief of the Chinese side of the China-US comprehensive economic dialogue.

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It is welcome news to hear that the National People’s

Congress has already taken steps to lay the groundwork” for implementing the new Fo

reign Investment Law, said Gupta, who brought up the possibility of China establishing “an ombudsperson’s desk” in

related government agencies to address foreign businesses’ legal concerns.

Gupta said China’s Foreign Investment Law could be a model for others looking to liberalize their foreign investment regi

mes, as China’s BRI is already delivering capital and know-how to other developing countries.

Overholt said that China’s past opening-up has been “extremely positive” gl

obally, and the BRI is a “very positive” vision that is good for China and the world.

“The key will be the implementation,” he said. “If the implementation is improved, it would be good for everyone.”

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hina, US hold 10th round of high-level trade consultations

Chinese Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin held the t

enth round of China-US high-level economic and trade consultations in Beijing from Tuesday to Wednesday.

As planned, the two sides will hold the 11th round of high-level economic

and trade consultations in Washington D.C. next week.This combo photo shows Chin

ese Vice Premier Liu He, who is also a member of the Political Bureau of the Communist Party of China Central Co

mmittee and chief of the Chinese side of the China-US comprehensive economic dialogue, posing for photos with

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. They held the tenth round of Chi

na-US high-level economic and trade consultations in Beijing from April 30, 2019 to May 1, 2019.

Liu is also a member of the Political Bureau of the Communist Party of China Centra

l Committee and chief of the Chinese side of the China-US comprehensive economic dialogue.

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Jon Taylor, a professor of political science at the Uni

versity of St. Thomas in Houston, Texas, in the United States, said Xi

wants to convey a specific message: that China sees the BRI as a method by which it can make

a substantial and permanent contribution to lasting peace, common security and global prosperity.

“While some Westerners may scoff at the impact they think the BRI m

ay have on these issues, Xi genuinely sees the BRI as a global development project and will cont

inue to wholeheartedly put China’s money, resources and energies into this project,” he said.

Chen Weihua in Brussels, Bo Leung in London, Zhao Huanxin in Washington, Edith Muteth

ya in Nairobi and Chen Yingqun in Beijing contributed to this story.The profits of China’s major indu

strial firms surged by 13.9 percent in March, a drastic rebound compared to the 14-percent decline in January-Febru

ary period, official data from the National Bureau of Statistics (NBS) showed Saturday.

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In August 2018, the Australian government banned

Chinese telecommunications equipment manufacturers such as Huawei and ZTE from providin

g 5G technology and products, as well as the use of Chinese telecommunications equipment in dom

estic broadband networks. Behind this decision is vague “national security”. For example, the West has repeat

edly accused China of its “Intelligence Law”, especially the particular Article 7 of the law, under whic

h Chinese enterprises will cooperate with the Chinese government in carrying out acts of theft.

However, the Intelligence Law does not require organizations and citizens to uncondition

ally “support, assist and cooperate” with “national intelligence”. On the contrary, the so-called “support, ass

istance and cooperation” must be carried out “in accordance with the provisions of other laws”.

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