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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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The province has given 1.69 million registered poo

 students stipends worth a total of 5.3 billion yuan ($777 million) since 2015, according to Guizhou’s Education Department.

While working out its strategy to impart knowledge to rural children, Guizh

ou has also taken into consideration that many kids come to school hungry.

According to Bao Benqi of the provincial Education Department, the Guizhou government has set the goal that

“each of the primary and secondary schools in the rural areas should have a canteen so that lunch can be served to every student”.

The meal is believed to help students improve their performance at school. Many studen

ts in the poverty-stricken areas had been coming to class with an empty stomach, since they did not have food at home.

“More than 3.8 million primary and secondary school students and

860,000 preschool kids are covered in the nutrition project every year,” Bao said.

www.gzbbccc.com

Austrian pianist set to showcase Beethoveno showcase Bee

Austrian pianist Rudolf Buchbinder, one of the best Beethoven interpreters of all time, will perform

all five Ludwig van Beethoven’s piano concertos during his upcoming China tour with the German orch

estra, Staatskapelle Dresden, which kicks off on May 15 at the Guangzhou Xinghai Concert Hall.

He will also perform with the German orchestra in Changsha, Hunan province, on May 18

and 19, and conclude the tour at the National Centre for the Performing Arts in Beijing on May 21 and 22.

“Beethoven was the most romantic of composers. The more I play Beethoven’s works, the more musical freedom I get,” says Buch

binder, in an email interview with China Daily before the China tour. He adds that he has performed the com

plete cycle of Beethoven’s piano concertos with Staatskapelle Dresden for many times all around the world.

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Foreign volunteers help out at Hangzhou scenic spot

More than 2.5 million tourists visited West Lake in Zhejiang province over the May Day holiday.

What caught the attention of many of them was the presence of a team of eight intern

ational students, all wearing yellow vests and Bluetooth headsets, and riding electric scooters.

The eight were studying in Hangzhou, Zhejiang’s provincial capital. They are the first internatio

nal volunteer team serving at the famous spot, which was listed as a UNESCO World Heritage Site in 2011.

The foreign volunteers are from India, Mongolia, Banglade

sh, Indonesia, Democratic Republic of Congo, Ethiopia, Tanzania and Yemen.

“As Hangzhou is seeing an increasing number of individual travelers from abroad followin

g the 2016 G20 Summit … we have been considering how to diversify our volunteer forces during h

olidays and peak seasons for years,” said Liu Jian, director of the volunteer program.

www.xiaovfuli.cn

We hope the exhibition, which lasts 162 days, will

l become a platform for people to experience natural beauty and t

o better understand, and then materialize, Xi’s wonderful ecological ideas.

When the sustainable developme

ustin Irwin anad James Berry took turns to steer their boat o

n Barkley Lake in western Kentucky, looking for Asian carp.

It did not take them long to spot a school of fish. Stopping the boat, Berry started to feed a 180-m

eter-long net into the water as Irwin maneuvered the boat to form the net into a large circle.

With the net in place, they then steered the boat in a circle, banging the hull with a wooden st

ick. Immediately, carp started to jump out of the water before splashing back in.

nt goals are firmly established in people’s minds, the significance of hosting the exhibition will have been achieved.

www.olkcim.cn

The prize includes two categories, theory and experiment

The 2018 laureates for theory are Juan Ignacio Cirac, David Deutsch, Peter Shor and Peter Zoller,

for their seminal theoretical work on quantum algorithms and physical architectures of quantum com

puters and simulators, while the experimental category prizes went to Rainer Blatt and David Wineland for pio

neering experiments that demonstrated fundamental elements of quantum computing with trapped ions.

The 2019 prizes were awarded to Charles Bennett, Gilles Brassard, Artur Ekert and Stephen Wiesner in the theory category for th

eir work on quantum cryptography, and experimental prizes went to Pan Jianwei and Anton Zeilinger for their grou

ndbreaking experiments that enabled practically secure and large-scale quantum communications.

The awards ceremony will be held on Sept 20, Luo said.

USTC has been leading the world’s quantum information science and techno

ogy development in recent years, with Pan’s team attracting enormous attention from home and abroad.

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It is reported that the IS terrorist organization has clai

med it was behind the horrific attacks. Yet whoever the perpetrators, the attacks on innoc

ent people should be condemned in the strongest terms, and those responsible arrested and punished.

Since Sri Lanka has been facing some political and e

conomic problems, and increasingly acute social conf

licts for the past few years, the attacks seem to reveal not just sectarian disputes but also cer

tain people’s dissatisfaction with the situation in the island nation, and the rest of South Asia.

The motive behind the attacks could be helplessness and desperation of certain sections of Muslims in South Asia.

The rise of Islamic extremism has to some extent fueled the rise of white supremac

ist groups in the United States and some European countries. Perhaps the conflict between Islamic extremism and

the anti-Muslim forces today is greater than that immediately after the Sept 11, 2001, attacks in the US.

And the rising tensions in South Asia and other regions should prompt govern

ments to take sound measures to prevent the spread of extremism inside their borders.、

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Wheat growing on a farm in Huai’an, Jiangsu province

A threat to the viability of the current WTO dispute settlement system is the unilateralism and

protectionism of the United States. Specifically, this mechanism is in crisis because the Unit

ed States has prevented the appointment of new judges to the appellate body. Experts have warned that if th

e appellate body were to shut down because of a lack of judges, global trade governance will be put back 20 years.

Of course the WTO also needs to continually reforming itself so that it can keep up w

ith the times, and many countries have put forward relevant suggestions. For instance, the European Uni

on has released a paper putting forth ideas for a comprehensive modernization of the WTO, and the United States, Eur

ope, and Japan have together submitted a their own proposed reforms. And in November last year, China ann

ounced that it supported necessary reforms of the WTO and raised five proposals that aim to firmly uphold the rules-ba

sed multilateral trading system, resist protectionism, and let the WTO play a bigger role in world trade.

www.shidaikangfuyiyuan.cn

Index results bode well for quarterly GDPprise mark

hina’s economic growth will remain stable in the first quarter, and is expected to land at 6.3 percent or even higher year-on-year when it is released this week, e

conomists said after some economic indicators for March surprised the market on the upside.

“Downside pressure began to ease in the first quarter, as signaled by the r

ather substantial recovery in various economic indicators in March,” said Yao Jingyuan, form

er chief economist at the National Bureau of Statistics and a researcher for the Counselors’ Office of the State Council.

Chinese banks’ lending in yuan, a leading indicator for the real economy

, surged in March by 1.69 trillion yuan ($252 billion), up 52 percent from a year earli

er, according to the People’s Bank of China, the central bank. The manufacturing purchasing managers inde

x for March, which was back into expansion territory, may be a sign of accelerating industrial activities.

Exports in March also picked up, rising 14.2 percent in US dollar ter

ms from a year ago, versus 0.1 percent for the January-February period, customs data showed.

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The Chinese economy’s staggering aggregate and grow

wing contributions to global growth tend to mask its extremely unbala

nced development and widening gaps between the rich and the poor. That’s why before determin

ing whether a country is developed or not-and to present a comprehensive picture of its economy-the entire

gamut of the country’s economic data, including its aggregate and per capita GDP, should be taken into consideration.

The WTO treats developing and developed countries differently because some developing and least-developed countries

were deprived of their development rights and thus their chances to develop in the past because of colon

ialism and militarism. The WTO provides special treatment for some countries to ensure all economies get the chance

to develop without the fear of being squashed by the developed countries and their discriminative policies.

That China and the European Union, two staunch supporters of multilateralism and free tr

ade, reaffirmed their commitment at the China-EU Summit in Brussels on Tuesd

ay to cooperate on WTO reform, in order to ensure its continued relevance and allow it to meet the global trade c

hallenges is encouraging. The consensus reached between the two sides will help carry the WTO reform forward.

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