Oswald

Asked whether China will retaliate by targeting certain US co

 companies, Lu said that as for foreign enterprises operating in Chi

na, there is no need for them to worry as long as their businesses are law-abiding.

S President Donald Trump issued an executive order on Wednesd

ay in which he declared a national economic emergency and banned the technology and

services of “foreign adversaries” deemed to pose “unacceptable risks” to US national security.

The US intention is so obvious that media outlets around the world have without exception interpr

eted this as targeting Huawei, by excluding the Chinese telecommunications giant from US networks.

Washington has repeatedly claimed that Huawei’s equipment poses a security threat, but for all the sound and fury, it sign

ifies nothing, as it has never produced any credible evidence, indeed any evidence at all.

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China has to walk a fine balance between local govern

nment debt management and stable economic growth, especially at a time when trade te

nsions with the United States have imposed more downward pressure, said economists.

More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad

emy of Public Finance and Public Policy at the Central University of Finance and Economics.

The last round of local government debt swaps started in 2015 and ended in August 2018, w

hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.

Local governments are set to face more debt burden in the next three ye

ars, as many of the previously issued bonds are set to expire, income from land sales has

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I’m excited about the Asian cuisine festival,” said Li Jingy

n, who came to the main venue of the festival on Thursday with four friends.

“We went to Thailand for a vacation last month. The beautiful sunshine and beaches there

are enchanting,” the 54-year-old Beijing native said. “Now, we have a second chance to experience its food.”

Yang Lin, 26, who described herself as a foodie, also went to t

he gala. “I love Korean food most, except for Chi

nese cuisine, and I’m happy that Beijing is holding such a big food exhibition.”

Xu Hejian, a Beijing official in charge of the event, said visitors can see how Asian food i

s made at the venue and sample various cuisines made by more than 200 food enterprises.

Wuyutai Tea is one of the companies.It’s a good opportunity for the younger generati

on to learn more about traditional Chinese delicacies and desserts,” said Chen Huaji, an employee. “Tea is

quite an important element of Chinese culture, and the exhibition offers a stage to show off the essence of Chinese food and Chinese culture.”

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than 10 million visitors each year. Architect Ieoh Ming Pei

World-renowned architect Ieoh Ming Pei, commonly known as I.M. Pei,

has died at the age of 102 at his home in Manhattan, according to multiple reports on Thursday.

Praised as “one of the most revered architects in the world” by The New York Times, Pei has le

ft the world many of its most well-known architectural designs, among many other intangible heritages.

Pei’s modern designs and high-profile projects led him to be considered one of the most high-prof

ile architects of the 20th century, with the renovation of Paris’ Louvre Museum perhaps the most famo

us project he embarked on. He was also involved in the building of the Rock and Roll Hall of Fame in Cleveland.

What Pei valued most in architecture, as he put it, was that it must “stand th

e test of time”. He also valued simplicity: “The simpler the solution, the more powerful it is,” he once said.

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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 middle of this century, digital villages will be compl

pletely built nationwide to advance rural revitalization.

To fulfill such targets, the country will accelerate the construction of IT infr

astructures in rural areas, upgrading rural internet facilities and information services.

More efforts will be made to boost the rural digital economy, with wider use of digital technolo

gies in agriculture and the development of e-commerce and various emerging creative industries in rural regions.

While providing more support for rural technological innovation, the co

untry will strengthen ecological protection in rural areas with digital technologies.

Moreover, the guideline stressed the significance of improving internet access in rural areas in poverty alleviation and ca

lled for enhanced information sharing to promote urban-rural integrated development.

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Washington foolish to defy economics law and turns in the

The root cause for the repeated twists and turns in the China-US trade talks lies, to a grea

t extent, in the United States’ serious deviation from, and disdain for, the objective laws of econ

omics. The fact that China will never accept its unreasonable demands further complicates the matters for the US.

The US administration’s often competing and clashing objectives-though m

any of them are understandable-cannot be realized simultaneously. For instance, the U

S hopes to revive its industries and boost its real economy while maintaining the huge bubble in its financial market.

A dream called sustainable reindustrialization

Yet the US expends huge amounts of its resources just to maintain its mo

netary hegemony and thus ensure its financial sector offers higher pay and return on inv

estment compared with the real economy sectors, which helps it to maintain its advantage in

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The report was based on an experimental survey condu

cted by the China Consumer Association from December to March, which included mor

e than 1,700 students from elementary, junior high and senior high school.

According to the report, most elementary school students were first exposed t

o the internet in third grade, and these 9-year-old students accounted for 32.2 percent of th

e total. For junior high school students, most had their first online experience at the age of 12 years in grade six, a

nd these students comprised 21.7 percent. Among high school students, the peak period to access the internet fell duri

ng their first year in junior high school, with these 13-year-olds representing 19.4 percent.

The report shows over 90 percent of teenagers use electronic devices for study or playing game

s every week. What deserves attention is that the percentage of inevitable exposure to electronic devi

ces among elementary school students is significantly higher than that of the other two groups.

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screenshot of the “father sharing” mini programher” is also

While some netizens praised the story, others felt cheated for the home decoration advertisement afte

r the video. Jiang Luxian, a lawyer from Chengdu, Sichuan province, said the advertisement probably violates relevant provisions of the A

dvertising Law, and the creativity of “sharing father” is also improper for public order and traditions.

Oppein, the creator behind the promotion, however, said on social media that

it hoped everyone would pay attention to the lack of father figures, and return to the family for love.

“Everything can be shared in this era, apart from family love,” the company said.

China’s foreign direct investment climbed 6.4 percent year-on-year to 305.24 billio

n yuan ($44.38 billion) in the first four months, the Ministry of Commerce said Thursday.

Meanwhile, investment from South Korea, the United States and Germany in Chin

a grew 114.1 percent, 24.3 percent and 101.1 percent year-on-year, respectively.

In April alone, FDI amounted to 62.95 billion yuan, up 6.3 percent year-on-year.

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They will also increase the number of personnel exchan

anges to improve the experience and effectiveness of customs officers, Jin said.

China will continue to conduct joint law enforcement operations with other countries targeti

ng IPR violations, including Russia and the US. Customs officials of the EU, Japan and South Kore

a have responded positively to China’s proposal for law enforcement operations, he said.

“We have been encouraging domestic and overseas enterprises to conduct exchanges on t

echnology and protecting the lawful intellectual property rights of overseas enterprises in China,” Jin said. “We a

lso want other countries to intensify IPR protections for Chinese enterprises on their soil.”

Jin made the comments at a news conference organized by the State Council Infor

mation Office in Beijing for the release of an IPR protection report by the Chinese government.

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