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 usedRead More →

 British Prime Minister Theresa May will set out a timetable for her departure in early June after the latest attempt to get her Br exit deal approved by parliament, the chairman of a powerful Conservative committee said on Thursday. Three years after Britain voted to leave the European Union, there is littl e clarity over when, how and even whether Brexit will happen, prompting some in her party to c all for a new approach to the country’s biggest policy shift in more than 40 years. May has promised to step down after her Brexit deal is approved by lawma kers. But many in herRead More →

such a restrained manner and conducted the talks with the utmost sincerity may have misled the US administration into thinking it has pushed Beijing onto the back foot. But China’s responsible attitude and its desire to settle the dispute through consultations should not be viewed as signs of weakness. Indeed, its stance could not be clearer: The US can persist in trying to coerce China into acce pting its unreasonable demands, but no matter how hard it tries, China will not knuckle under. China does not want to enter into a trade war with the US; but that does not mean it is afraid ofRead More →

enter around both nations’ legitimate desires to protect some current l ow-skilled jobs, or at least to allow an easier transition to new jobs and industries. US administration’s economic policy has rightly focused on the need to retain jobs for working-class people in the US. And, Ch ina’s companies that export to the US also largely now employ less-skilled working-class people. However, neither the US nor China can expect to keep, much less get back, low-wage, low-skilled manufacturing jobs. Many people have the impression that Chinese goods are dominant in US markets. That is true only in a few highly compe titive, low-profit sectors. AccordingRead More →

 following the incident. A team of investigators said he deliberately evaded oversight to conduct the research in pursuit of fame and profit and may face criminal charges. “In our view, China is at a crossroads,” the four scholars said in the Nature commentary. “The government must mak e substantial changes to protect others from the potential effects of reckless human experimentation.” 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, professor of bioethics and heal th policy at the Chinese Academy ofRead More →

candidates to the space technology academy, which then reviewed their qualifications and selected who would be admitted. “Whether the candidates can get this opportunity depends on two fac tors. First, their English proficiency is supposed to be good enough to handle our c ourses-all of them are taught in English,” Li said. “And second, an ideal candidate should have at least a bac helor’s degree as well as background in or some knowledge of the space industry.” Candidates who pass the qualification screening are also required to write a research pr oposal and provide an endorsement document signed by the space authority of their nation,Read More →

 from downtown Beijing to Yanqing. In Yanqing district, citizens can take bus lines Y44, Y20, Y4, Y9, Y10 and Y46 to the expo site. Besides, during the event, 18 pairs of trains will run on the S2 rail line on Fridays, Saturdays, Sundays, Mondays and h olidays, and the trains will leave every hour. Non-stop trains will run from Huangtudian Station to Yanqing Station. From Tuesday, visitors can take the S2 rail line to Yanqing Station where they can take free shuttle buses to the expo site directly. Also, the S2 rail line allows visitors to scan a QR code to pay and pass toRead More →

uangzhou, provincial capital of Guangdong province, pledged to further cooperate with overseas counterparts in the fight against endangered animal smuggling in the coming months, said a senior local customs officer. “Top priorities will be given to big cases: major smuggling gangs, channels and networks,” said Zheng Jun, deputy director of the Guangzhou customs anti-smuggling bureau, at a news conference in Guangzhou on Thursday. According to Zheng, Guangzhou customs provided valuable and accurate information to its Malaysian count erparts in January, resulting in the seizure by Malaysian customs officers of more than 60 kilograms of rhinoceros horns. Zheng reiterated that customs officers from his bure auRead More →

Chinese startup Ofo has denied it is bankrupt, and claimed all is w ell at the bike-sharing company in a statement released on Tuesday. According to media reports, Beijing Baikeluoke Technology Co, one of Ofo’s operat ors, was involved in a bankruptcy case on March 25, listed on the national bankruptcy disclosure platform. Ofo, however, insists it is not bankrupt, saying that its debt-related litigation and negotiations are still underway. The company has been suffering financial problems for the past few m onths, with tens of millions of users waiting for refunds since the second half of last year. To compound matters for the company,Read More →

Christchurch, New Zealand (CNN)Zaid Mustafa should have been at school on Wednesday. Instead, he was being pushed in a wheelchair to the graves of his father and brother, surrounded by mourning strangers in a country he had only recently made home. The 13-year-old was shot in the leg last Friday when a gunman opened fire on worshipers at two mosques in the New Zeala nd city of Christchurch, killing 50 people and shocking a nation that thought it could never happen there. The Mustafas didn’t think it could happen there, either.Zaid Mustafa, 13, whose father and brother were killed in the Chri stchurch terrorist attack,Read More →