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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Britain’s May to agree departure after latest Brexit deal bid

 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 her party want her to set out clearly when she will quit if the agr

eement is rejected for a fourth time, and others are demanding her immediate departure.

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That China has responded to the US trade aggression in

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 of one.

China agreed to hold trade talks with the US not because it feared what the

US might do or because it is worried about losing its trade with the US, but because it

genuinely believes that dialogue is the best way for countries to resolve their differences and find ways to benefit each ot

her, and because, as a responsible country, it always keeps the bigger picture and longer time frame in mind.

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he university terminated He’s employment contra

 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 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 science and bioethics pr

ofessor at the Chinese Academy of Social Sciences’ Institute of Philosophy, in Beijing.

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In the statement, the ASA urged Washington to hold off

f on additional tariffs and rapidly conclude negotiations with China, including lifti

ng the existing Section 301 tariffs in exchange for China removing its retaliatory 25 percent tariff on US soybeans.

“We need a positive resolution of this ongoing tariff dispute, not further escalation of tensions,” Stephens was quoted as saying.

The United States announced Wednesday that it would raise tariffs on $200

billion worth of Chinese goods from 10 percent to 25 percent, effective on May 10.

China on Wednesday expressed regrets over the planned measures in a statement, saying “Ch

ina deeply regrets this, and will be forced to take necessary countermeasures if the US side puts the tariff measures into effect.”

The Chinese Commerce Ministry also confirmed earlier this week

that at the invitation of US Trade Representative Robert Lighthizer and Treasury Secr

etary Steven Mnuchin, Chinese Vice Premier Liu He, who is also chief of the Chinese side of the China-US com

prehensive economic dialogue, will visit the United States on Thursday and Friday to attend the 1

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The room charges are almost the same as a regular

hotel, with the cheapest costing 158 yuan ($23) per day for a small breed, and more than 300 yuan for

bigger breeds. The VIP room, which has a TV set and more space, comes with additional charges.

But the prices don’t deter pet owners and Chen said during the Labor Day holiday room

s were sold out two weeks in advance, and the VIP option was among the most popular.

According to the Ministry of Culture and Tourism, in 2018, domestic travel reached 5.54 billion journeys, up 10.8 per

cent year-on-year, while outbound travel topped 291 million, up 7.8 percent year-on-year.

Meanwhile, pet ownership has been rising steadily in China, from

59.12 million pets in 2017 to 73.55 million in 2018, up 24 percent year-on-year, ac

cording to an industry report released by Goumin.com, the country’s biggest online pet community.

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Messi shines as Barca secure their 8th league title in year

Leo Messi scored the only goal of the game as FC Barcelona

beat Levante 1-0 to assure the 2018-19 Liga Santander title on Saturday night.

Barca coach Ernesto Valverde again rotated his starting 11 for the game and Messi spent the fir

st 45 minutes watching from the sidelines. Barca controlled the first half with Luis Suarez and Philippe Cou

tinho testing Levante keeper Aitor Fernandez, who was his side’s best player in the opening 45 minutes.

Despite Barca’s dominance, they were unable to open the scorin

g and Messi replaced Coutinho at the start of the second half to try and find a way through.

He was on target for the 34th time in the league this season in the 62n

d minute as he fired home a left foot shot following a headed pass from Arturo Vidal.

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In my opinion, the price of an image depends on how d

 difficult it was to take the picture and the occasions when will be used,” he added.

Chen Jing, another Beijing lawyer, said, “Footage and photos have yet been priced as stan

dardly as written work, and without clear pricing, some companies may sell the images at an unreasonably high

price or claim an expensive compensation but fail to make a reasonable payment to the authors,” said.

“It results in the authors not being able to have adequate rights prot

ection, consumers paying too much and companies gaining relatively high profits, whic

h, from our current analysis, are illegitimate,” said Chen, from the Commerce & Finance Law Office.

She agreed with Wang on improving laws to change the situatio

n, and told China Daily a new version of Chinese Copyright Law is being discussed.

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The National Copyright Administration issued a state

tement Friday morning saying a campaign will be launched to regulate the image copyright market.

The administration said it attaches importance to copyrigh

t protection and protects owners’ legal rights, and companies sh

ould establish a mechanism to safeguard rights appropriately according to laws, not abusing them.

The image company was founded in June 2000 and in 2014 it was listed on China’s A-share

market. In the first three quarters of 2018, the company achieved revenue of 700 million yuan ($104.18 million).

Some have questioned the company’s use of copyright lawsuits. One company faced more t

han 4,200 lawsuits from Visual China Group, and more than 3,900 cases were decided.

According to a plan, the company would release 388 million restricted

shares on Friday, equal to 10.33 billion yuan. The share price has plunged sharply on Friday.

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China leads in nuclear power constructionit is seen in Liany

China is taking a leading role in nuclear power construction, People’s Daily reported on Saturday.

With 54 nuclear power units under construction in 17 countries and regions in 2018, 11 are in China, making the country th

e world leader in construction of nuclear power units for years, China National Nuclear Corporatio

n Chairman Yu Jianfeng said at the China Nuclear Energy Sustainable Development Forum.

The focus of global nuclear power development is shifting from traditional nuclear powers to emerging economies, Yu said.

As a major country promoting the third generation of nuclear development, about 10 third-generation nuclear power units have bee

n put into operation or are under construction in China, accounting for one-third of the world’s total.

In the fourth generation of nuclear power development, China’s high-tempe

rature gas-cooled reactor demonstration project has entered into the final stage of installa

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