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

Huawei has said that it is willing to sign a “no-spy” agreeme

nt with countries that commit to its equipment. And this may po

nt to a reasonable solution as it offers a way out for international partners in the West, which h

ave been caught in the middle of the US-waged campaign against Huawei, to cooperate with the Chinese company.

The security of 5G networks is a technical issue, and it should be addressed as such. Security prin

ciples should be based on verifiable facts and technical data rather than ideology or a vendor’s country of origin.

However, judging by its ill treatment of Huawei since last year, t

he US will continue with its persecution and has no intention of changing its ways.

The victimization of Huawei shows the world’s largest economy no longer wants to uphold the core values that govern free trade

and fair market competition. And it is willing to use its superpower status, so that, by hook or by crook, it can obstruct co

mpetitors that might challenge its competitive edge in science and technology.

www.9463296.org.cn

the WTO is for the benefit of the public, not a tool for par

embers. If its members cannot reform the architecture and resolve the key issues, they may all end up in various regional groups.

“Many bilateral tensions or challenges countries are facing today requir

e a multilateral response, and WTO reform is definitely needed, especially in the area

s of trade and investment,” said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.

Chen Fengying, a senior economics researcher at the China Institutes of Contemporary Internationa

l Relations, said the US government seems to have made driving WTO reform its priority so that the country can claim the high gr

ound in global trade and lead the process for making new rules and establishing a new global trading system.

This move poses a challenge to the WTO and its basic principles including that of most favored nation status and national treatment, she said.

www.youhuileyuan.cn

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

Only toward the end of the last century, global econom

 integration-trade, investment and finance-began benefiting large emerging and developing econ

omies. To be sustainable, globalization cannot serve just a few wealthy advanced economies. It m

ust also serve poorer and faster-growing economies, which today account for most of the global growth.

So, by flirting with trade protectionism and punitive tariffs on imports, adva

nced economies are seeking to implement the wrong policies at the wrong time. As the adv

anced countries have fallen into secular stagnation, they desperately need growth. Therefore, the rise of poorer eco

nomies is not a win-lose game, because it benefits the advanced economies, too.

In the aftermath of the 2008 global financial crisis, all major advanced econom

ies would have faced another Great Depression without the support of large emerging economies, particularly Ch

ina. And the contribution of these countries to global GDP growth is expected to climb to 80 percent by 2050.

xjpdax.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

Since 2013, the BRI, with policy coordination, connec

tivity of infrastructure, unimpeded trade, financial integration and closer people-to-people ties as its main goals, has advanced in solid steps, the report said.

“Significant progress has been made, including a number of landmark early results. Participating countries have obtai

ned tangible benefits, and their appreciation of and participation in the initiative is growing,” according to the report.

With a view to building a global community of shared future, the BRI uphold

s the principles of extensive consultation, joint contribution, and shared benefits, the report said.

“Through the initiative China has made a constructive contribution to the reform of th

e current global governance system and to economic globalization,” according to the report.

The report said China would face many problems and challenges in pursuing the BRI in

the future as well as unprecedented opportunities and prospects for development.

pLaycruises.net

Walmart banks on tech innovationn escalator in a Walmart

US retail giant Walmart Inc will continue to grow its hypermarkets, Sam’s Club stores, and community-ba

sed smaller-sized supermarkets businesses in China with more advanced technologies, according to a top official.

Doug McMillon, president and CEO of Walmart, told China Daily during his visit to Shanghai on Thursday that China is still one of

the most important markets for the US retailer. Technology will be another major focus area for the com

pany in China as Walmart has always been a “people-led company that relies heavily on technology,” he said.

McMillon said Walmart has developed digital solutions to better u

nderstand customer behavior and spending patterns, which in turn has helped the ret

ailer to create new products and to solve old retail problems with modern technology.

Wern-Yuen Tan, president and CEO of Walmart China, said digital technology has hel

ped Walmart to reach out to more customers and improved the overall decisionmaking process.

www.njLongrun.cn

Wang, the Chinese think tank member, said many of

nternational relations scholars of his generation think of the US

as an example of the value of “freedom, democracy, fairness and human rights”.

“But those words are no longer applicable to describe the US today,” he said.

Wang said that for him, cancellation of the visa is nothing m

ore than a short-term absence from US academic activities, and “it is the US’ loss, not ours”.

He also said the decision would not affect the Chinese think tank he leads in continuing aca

demic exchanges with the US, and he suggests that China should not take countermeasures over such matters.

“No matter how petty the US becomes, China should still stick to its open attitude rather compete for who’s worse,” he said.

The China-proposed Belt and Road Initiative is not a geopolitical tool or a debt trap for particip

ating countries, but a platform for cooperation, State Councilor and Foreign Minister Wang Yi said on Friday.

Wang made the remark at a press conference ahead of the second Belt and Road F

orum on International Cooperation, which will be held in Beijing next week.

www.shlfcl.com