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 downward trend will linger in the first half of th

f the year until July or August, when the market may see a recovery, Xu Haidong, assistant to

the China Association of Automobile Manufacturers’ secretary-general, told the newspaper.

The reason for the slowdown in China’s automotive market lies in the lack of consumer confidence, according to CA

AM. In addition, the upcoming stricter Nation VI emission standards, market expectation for the country’s stimulating spe

nding policy and a strong wait-and-see mood, are all contributing to the bleak picture, the association said.

With the actual policy effects from tax cuts and fees reduction

s, a promising consumer market boosted by infrastructure investment, the country’s a

utomobile market will have a stable development throughout the year, said the association.

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The authors were Lei Ruipeng, professor of bioethics

 at the School of the Humanities and Centre for Bioethics at Huazho

ng University of Science and Technology in Wuhan, Hubei province; Zhai Xiaomei, prof

essor of bioethics and health policy at the Chinese Academy of Medical Sciences’ Centre for Bioethics, in Beijing; Zhu

Wei, an associate professor at Fudan University’s Centre for Applied Ethics in Shanghai; and Qiu Renzong, a philosophy of sc

ience and bioethics professor at the Chinese Academy of Social Sciences’ Institute of Philosophy, in Beijing.

“We think the authorities should step up their efforts to improve the governance of et

hics in scientific research in light of the loopholes exposed in He’s case,” Zhai told China Daily.

Results of further investigations in the case should be made public, including the penalties given to all involved, she said.

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Different from 3G and 4G technologies, 5G technolo

 will impact various industries and stimulate the emergence of many new products, services and industries.

China Daily’s app was named the “Highly Commended” news app of the year at the newsawards 2019 in London on Wednesday.

The result was announced at the gala dinner held at the Royal Lancaster London. Ch

ina Daily beat two other nominees – The Independent and the Belfast Telegraph – to win the honor.

The China Daily app offers “a powerful mix of technology and innovation, with great clarity on audience needs,” said the judges.

The automotive sector will most likely be one of the first industries to rely

on 5G, connecting vehicles to other vehicles, roadsides, traffic lights, buildings and the inter

net to process data across cars or in the cloud, according to the report.

As 5G technology has integrated various industries and technologies, the number of 5G Stand

ards-Essential Patents applications surged to more than 60,000 globally by the end of April, the report said.

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Valid reports showing rabies antibody test results b

authorized laboratories are needed for pet dogs or cats ent

ering China from countries or regions that are not on the approved list.

As of April 19, the administration had authorized 62 laboratories in 37 countries to conduct the antibody tests.C

ongressional Democrats stepped up pressure on President Donald Trump’s administration on Thursday as US H

ouse of Representatives Speaker Nancy Pelosi accused Attorney General William Barr of committing a crime and an

influential committee chairman threatened to hold Barr in contempt of Congress.

For seeing-eye dogs, listening-ear dogs and sniffer dogs bearing valid

electronic chips, quarantine can be waived if they can pa

ss on-site checks and their carriers can produce user certificates and professional training certificates.

In other circumstances, pets entering China are subject to a 30-day quarantine in designated areas.

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Though Farewell My Concubine has long been a master

piece of the Mei School, Wan Ruixing, renowned Peking Opera composer and player of the jingh

u (a high-pitched two-stringed fiddle used in Peking Opera), said the Cheng School’s sorrowful tunes a

nd slow rhythm also could be a decent interpretation of concubine Yu’s tragic fate.

“There are more tragedies in the Cheng School’s plays and the characte

r of Yu and her deep sorrow in the legendary story meet very well with the featu

res of the Cheng School,” said Wan, who is also responsible for the new play’s method of singi

ng tunes.A former actress from the China National Peking Opera Company, Zhang has performed in sellout shows acros

s China, including a solo show at the Great Hall of the People in 2007. In 2015, Zhang made her US debut at Lincoln Ce

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We believe that with the passing of time and the sy

nergy of all parties, Belt and Road cooperation will definitely become deep and concrete, steady and extensive,” the report said.

“The Belt and Road will become a road of peace, prosperity, opening up, green development, innovatio

n, connected civilizations, and clean government. It wi

ll make economic globalization become more open, inclusive, balanced and beneficial to all.”

China will improve its oversight of human related scientific research and medic

al tests under draft laws and amendments submitted to China’s top legislature for review on Saturday.

Medical and scientific research related to human genes and embryos mi

ght present risks to health or violate ethics, and they must be strictly regulated therefore, said She

n Chunyao, senior legislator of the Constitution and Law Committee of the National People’s Congress.

A new item has been added to the country’s draft civil law, requiring that all

medical and scientific research related to human genes and embryos must f

ollow strict rules, laws and regulations, and should not pose a threat to people’s health or violate moral or ethical codes.

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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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Sun Jing, a 26-year-old woman from Shanghai, visited

 Xi’an, the capital of Shaanxi province, during the break.

“The city is charming, with its long history and modern urban life, as well as its

diversified snacks and world-famous Terracotta Warriors,” she said on Sunday.

“The only annoyance was that there were too many people crowding every attraction, but it’s the holiday.”

Some travelers opted to go overseas, and many of them stretched the holiday into a six-day vacation.

The Lvmama report said that Thailand and Japan remained the tw

o top choices for Chinese mainland travelers during the Tomb Sweeping holiday, followed by Indones

ia, the Philippines, Hong Kong, Macao, Malaysia, France, Australia, the United States and the Maldives.

On Wednesday, Ctrip, another online travel agency in Shanghai,

estimated that Chinese travelers would make about 110 million visit

s during the holiday break to 790-plus domestic and overseas destinations in 88 countries and regions.

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Second, although traveling has become more convenie

nt for Chinese people because of the rapid development of high-speed trains and the civil aviation industry, the transfer

from one mode of transport to another can still be troublesome at times. For instance, some high-speed train stati

ons have been built far away from the cities they serve, dragging down travel efficiency.

And third, some practices-such as free highway passage-may aggravate the conflict between supply and demand.

To solve these problems, which could worsen during holidays, synchronized planning and cooperation of multiple departmen

ts are required. To cope with holiday traffic, the authorities should also promote smart transportation and use a

dvanced technologies including artificial intelligence and big data to improve travel efficiency.

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