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

address Conference on Dialogue of Asian Civilizations

 President Xi Jinping will deliver a keynote speech at the opening ceremony of the Conferen

ce on Dialogue of Asian Civilizations to be held on May 15 in Beijing, a senior official said Thursday.

Xu Lin, deputy head of the Publicity Department of the Communist Party of China Cen

tral Committee and director of the State Council Information Office, made the announcement at a press conference.

Under the theme of “exchanges and mutual learning among Asian civilizations and a community with a shared futu

re,” the conference includes an opening ceremony and sub-forums, said Xu, also vice president of the event’s executive committee.

More than 2,000 government officials and representatives of various circles from 47 Asia

n countries and other countries outside the region will attend the opening ceremony and forums, said Xu.

A grand Asian culture carnival, an Asian civilization week, and an Asian food festival will also be held during the event.

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Gao cited data to rebut that view and urged AmCham Chi

ina to evaluate China’s market access and business environment for foreign investors in a “comprehensive, objective and fair” way.

The ministry’s data showed that US investment in China jumped 71.3 percent year-on-ye

ar in the first three months of this year. In 2018, US investment increased 7.7 percent year-on-year.

Gao said expansion of the investment figures fully demonstrates that US compan

ies continue to be optimistic about the market and accelerate the pace of investing in China.

Gao cited another survey published in February by AmCham China that showed that most US

companies with operations in China said they have continued to see their revenues grow there.

Gao said the ministry will maintain close contact with foreign enterprise

s and business associations, and continuously improve China’s business environment.

hdflower.net.cn

The most recent incident was Saturday in Jinjiang, Fujian

when the late Qing Dynasty residence of Wu Lu, the province’s last zhuangyuan (top scorer on imperial examinations), was damaged.

Fire this year also destroyed a bridge dating from four centuries ago in Nanping, Fuji

an, a Qing Dynasty residence in Wenzhou, Zhejiang, and an office structure from the 1930s in Fuzhou, Jiangxi.

The operators of the sites hit by fire will be responsible for the dam

age, said the heritage administration. “Electrical faults and loose supervision over the use of fire

during renovation are the main reasons” for the damage, the administration’s statement said.

Though the fire at Notre Dame is under investigation, Frenc

h officials said they suspect its source might have been related to restoration work on the cathedral.

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But the underlying trend for the past five years is enc

ncouraging: annual TFP growth of about 3 percent, with especially strong growth in the tertiar

y sector. So, notwithstanding the recent slowdown in aggregate GDP growth, services-led Chi

nese rebalancing is imparting meaningful productivity leverage to the economy as a whole.

The question now is: Can China sustain its recent TFP trajectorya dist

inct possibility in light of an increasingly powerful shift to indigenous innovation and

the sustained services-led productivity of a growing cohort of well-educated knowledge workers-as well as rea

p the benefits of continued upgrading of its capital stock? If it can, the new Chinese study concludes that China’s potential GDP growth rate could hold aro

nd 6 percent over the next five years. Such an outcome would conform quite closely with China’s longer-term ambitions.

So, despite the days of 10 percent Chinese growth being over, which w

as inevitable, there is good reason to believe that the real story is China’s shift from qua

ntitative to qualitative growth. Which suggests China will defy yet again widespread fears of a looming middle-income trap.

www.ypwhl.cn

Ardern met with Premier Li Keqiang on Monday morn

ing, and the two witnessed the signing of four cooperative documents to pr

omote cooperation in tax issues, agriculture, finance and science at a signing cer

emony. A joint declaration on climate change was also released after their meeting.

Zhao Jianglin, a researcher of Asia-Pacific economic studies at the Chinese Academy of Social Sciences, said the visit by Ardern

will provide a timely boost to China-New Zealand relations after the dispute over the use of Chinese telecom equipment.

China has been a key trade partner with New Zealand, which could also provide important s

upport to the Belt and Road Initiative and China’s relations with countries in the South Pacific, she said.

A price cut swept China’s many sectors on Monday, as value-added tax rate reduction officially kicked in.

This year’s Government Work Report, which was released las

t month, said the rate bracket of 16 percent in manufacturing and other industries will

www.hmijw.cn

Kamal Dhuper, China regional manager at Indian talent

development and training company NIIT, visited Xiongan in September and was received by Chen.

Chen said Xiongan welcomes NIIT to take its advantages in technology and training to enhanc

e cooperation in the building of a digital city and the IT industry, according to a news release.

While attending the top legislature’s annual session in March, Chen told reporters that Xiong

an will soon begin large-scale substantial construction as overall design plans for the area have been completed.

More than 200 teams and 1,000 experts from China and abroad have participated in the drafting of the plans, Chen said.

Jiang Hao, a Shanghai-based partner at global consultancy Roland Ber

ger, said his company is “very interested” in participating in Xiongan’s development.

ax148.cn

The research team also completed its first test drillin

g without a drill pipe core in polar ice bedrock, which helped the scientists obtain the first few samples of bedrock unde

r the ice cores at the station. The conwwwhebeishengxincn-2/ion was also compleexpedition.

Xuelong left Shanghai on Nov 2 and arrived at Zhongshan Station on

Nov 30. The icebreaker entered the Amundsen Sea in early January for a marine survey but

experienced “the worst sea conditions since departure”, according to an earlier report by China Ocean News.

On Jan 19, the ship was caught in a sudden thick fog on the Amundsen Sea and collided with an

iceberg, Cheng Xiao, dean of the College of Global Change and Earth System Science at Beijing Normal University, told Xinhua.

An increase of cyclones in the area since the start of 2019 has great

ly increased the number of floating ice fragments, while in 2018 the area was a single large ice sheet, Ch

en said. The floating ice drifted to the north, pushed by the wind, which also affected navigation on Xuelong’s trip home, he added.

hheeh.cn

We will receive listing applications after the regulations

are available,” Huang said. How soon the first company will go public on the new board depe

nds on different factors, including the preparatory progress of the companies and their investment banks, he added.

Enterprises qualified and willing to go public on the n

ew board are mainly concentrated in such areas as information technology, biomedicine, high

-end manufacturing and new materials, Huang said, adding that the bourse has done lots of research on them.

“They feature relatively high research and development expenditures, and rather good growth prospects.”

Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Scien

ce and Technology, expects that both the detailed rules and the list of the first companies involved are likely to come out in March.

“China is pushing the new board forward at full speed, which can foster innovatio

n-oriented growth through inclusive listing rules and offset this year’s economic headwinds,” Dong said.

Yi said the new board aims to better serve innovation-orie

nted enterprises and will serve as a prelude to capital market reforms of a broader scope.

The commission will carefully evaluate the effect of various reform and innovation m

easures on the new board. Based on that, fine-tuning measures for ChiNext and the National Equities Exc

hange and Quotations system can be advanced in a coordinated way, Yi stressed.

goldenwing.org

Zhangjiakou Bath Center exploded and killed 2 police

On the 30th, an explosion occurred in Zhangjiakou No. 1 Bath Center in Hebei Province, killing two people and injuring two others. The official micro-blog of the Pro

paganda Department of the Zhangjiakou Municipal Committee of the Communist Party of China announced on the

31st that the cause of the accident was initially identified as the illegal use of obsolete coal-fired boilers by the bathing cent

er, which resulted in rapid spray of steam and explosion of non-electric boilers.

The briefing pointed out that at 15:55 p.m. on January 30, a boiler accident occurred in Kangmei Bath Center of H

ongqi Building, Qiaodong District, Zhangjiakou City. At present, the accident caused two deaths and two in

juries, the injured have been sent to hospital for treatment. The identity of the casualties is being verified.

According to the report, after preliminary investigation, the accident was caused by an explosion of a non-boi

ler (electric boiler). The causes of the boiler accident are: the obsolete coal-fired boilers were illegally used in Kan

gmei Bath Center, and the cracking of the connection between the upper door ring and the furnace gallbladder caus

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