urged to avoid more damage to China ties

Beijing urged Washington on Saturday “not to go too far” in harming China’s interest

s, and called for it to change course to avoid further damaging bilateral ties.

China firmly opposes the United States’ recent remarks and actions that harmed China’s interests, in

cluding its resorting to political means to suppress normal operations of Chinese companies, State Coun

cilor and Foreign Minister Wang Yi said in a phone call with US Secretary of State Mike Pompeo.

History and reality show that China and the US both benefit f

rom cooperating with each other, while both suffer from bilate

ral conflicts, and cooperation is the only proper choice for the two major countries, Wang said.

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attracting talents and capital. This in turn prompts the autho

rities to introduce more favorable policies and regulations for the enterprises bas

ed in the US, which is essentially a combination of representative democracy and market econ

omy. Under such circumstances, how can the US promote sustainable reindustrialization?

Besides, reindustrialization is not possible without rebuilding or strengthen

ing infrastructure facilities. And although the US leader has been claiming to implement a trillion-dollar infrastructure

plan-and even made it one of the pillars of his “Make America Great Again” campaign-not much has come of it.

Another major problem is that the return on equity in the infrastructure sector is a mere 3 percent w

hile that in the US capital market is about 12 percent. So how can the US attract more private cap

ital to the infrastructure sector without guaranteeing a return on equity equal to that in the capital market?

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I’m afraid sometimes, without cooperation, what comeso

ut is confrontation,” said Solana, who is currently president of the ESADE Center for Global Economy and Geopolitics of Spain.

The senior politician and diplomat expressed concerns over the trade frictions between China and the United States, w

hich have conducted 11 rounds of trade negotiations, but have yet to reach an agreement.

The world’s two largest economies should engage in dialogue on an equal footing, Solana said.

“If they fail to resolve their trade problems, the global economy will start to suffer from this crisis,” he said.

In a global situation where protectionism and unilatera

lism are on the rise, a multilateral approach has to be maintained, he said.

Solana praised China’s hosting of the Conference on Dialog

ue of Asian Civilizations, and said this type of event could boost cooperation among different countr

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Through its app, customers can watch their coffee being m

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.

England – Chinese head coach Guan Jianmin said in Manchester on Friday that Bianca Walkden’s controversial victory

over Olympic champion Zheng Shuyin at the World Taekwondo Championships is a big scandal in the sport’s history.

“I cannot believe this could happen during the world championships,” said Guan, also

President of the Chinese Taekwondo Federation. “This is the first time I have seen such kind of thing.”

Zheng, who had beaten Walkden three times in a row, took a dominant lead of 20-10 in the closing stages of the women’s over

73km category final, but the referee disqualified Zheng alleging she had committed 10 fouls during the bout.

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one right now. It’s the source of a lot of discussion in

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 maintainin

g 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 ide

a 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.

Sure, there are exceptions to this, but by and large human beings tend to look up to things that are difficult or costly to access.

A better option is to charge fees for regular visitors but provide free ti

ckets as prizes for high-achieving students and others who are likely to appreciate the reward.

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International Museum Day celebrated at Palace M

Wang Xudong, director of the Palace Museum, says it’s a duty for museums to provide a platfo

rm for scholars to exchange their academic findings, for artists from different cultural back

grounds to show their work and boost mutual respect, and for children to pass traditions into the future.

The latest figures from the National Cultural Heritage Administration show China had 5,354 mu

seums by the end of 2018, and museums across the country held some 26,000 exhibitions in 2018 and

received 1.126 billion people, an increase of 30 percent and 16 percent, respectively.

The International Council of Museums organized the annual Inte

rnational Museum Day in 1977 to address the changing roles of museums.

Museums across the world are reinventing their roles to become more interact

ive, audience focused and active in delivering creativity and knowledge to their communities.

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Booing drowned out any cheers from British fans as Walk

den was announced as the winner and Zheng refused to acknowledge the Briton’s victory

before sensationally collapsing on the podium and leaving the competition area in tears.

“I have been doing this sport for 16 years, but this is the first time I have realized that a taekwondo match could be played like this.

Zheng, competing in her fifth world championships, said on hea

ring the British national anthem playing, she felt too weak to stand on the podium.

“I felt very guilty for not winning the gold for my coach, my teammates and my country. We h

ave been working so hard for this world championships. It is the biggest event before the Tokyo Olympic Games.”

“Many fans came up to console me and some of them are British. I know most people know what is fair play,” Zheng said.

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Luckin, a Starbucks rival in China, rises in US stock debut

Shares of Luckin Coffee, a fast-growing rival to Starbucks in China, rose 20 percent in their US stock market debut Friday.

The Chinese company, which opened its first store in Beijing less than two years ago, has

2,370 locations and plans to surpass the 3,700 stores Starbucks has in China by the end of the year.

But unlike Starbucks, Luckin is losing money.

It brought in $125 million in revenue last year, but spent much more th

an that on coffee beans, store rent and other costs. Last year, it lost $475 million.

Most of Luckin’s stores are small, have few seats and are used mainly as a place to pick up mobile orders.

It also offers delivery in 30 minutes and promises a refund for delays or spilled drinks.

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Huawei said in a statement on Thursday that restricting t

 company from doing business in the US will not make the US more secure or stronger.

“Instead, this will only serve to limit the US to inferior, yet more expensive alternatives, leav

ing it lagging behind in 5G deployment and eventually harming the interests of US companies and consumers.”

The company said it is ready and willing to engage with the US government to come up with effective measures to ensure product security.

In response to the ban on Huawei buying parts from US companies, the company said such a deci

sion will “do significant economic harm to the US companies with which Huawei does business, affect tens of t

housands of US jobs and disrupt the current collaboration and mutual trust that exist in the global supply chain”.

Wang Peng, deputy head of the China Center for Information Industry Development, said the new US moves will disrupt the whole global electronics in

ustry and hurt a string of US companies that supply chips and other components to Huawei.

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The prime minister is determined to secure our departu

e from the European Union,” Graham Brady, chair of the 1922 Committee that

can make or break party leaders, said following a meeting between his co

mmittee’s executive and May in parliament which he described as a “very frank exchange”.

The government has said lawmakers will be able to debate and vote on the Withdrawal Agre

ement Bill, the legislation required to enact May’s Brexit deal, in the week starting June 3.

“We have agreed that she and I will meet following the second reading of the Bill to agree a timetable for the el

ection of a new leader,” Brady said, adding that the conversation would take place whether the bill was passed or not.

May, who became prime minister in the chaos that followed the 2016 referendum when Brit

ons voted 52% to 48% to leave the EU, survived a no-confidence vote of her Conservative lawmakers in December.

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