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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Often these pictures do not represent how these indivi

duals look in real life without the posing, the filters, the photoshopping and the professional hair and make-up,” Martz said.

Pan, the Renmin University researcher, also believes that pi

ctures shared frequently on social media impose peer pressure on women.

“If people around you look thin on WeChat Moments, you are inevi

tably anxious to fit the general profile of having the ‘right look’,” she said.

Articles have also gone viral in summer on WeChat Moments, with sensational headlines such as “Good-looking girls never

weigh more than 50 kilograms” or “If you don’t lose weight in May, you will cry out loud in June”.

Shen Zijiao, a psychological consultant at Beijing Normal University, said: “Women don’t know what kind of beauty is best for th

em; they just thumb through their phone screens and get the notions of ‘being slender’ consciously or uncons

ciously. They always worry if their bodies are inconsistent with the so-called perfect body shape.”

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a simple inspection at ports of entry. The administration

was disestablished in the latest government reshuffle and quara

ntine management functions were merged into the General Administration of Customs.

With a rising number of inbound foreign travelers and Chinese students returning home wit

h pets in tow, the administration issued the new rule in January to facilitate entry.

Shanghai Customs inspected 25 cats and 15 other pets at its ports of entry between May 1 and May 5. Twenty-seven of them were all

owed in after on-site inspections. Eleven were put under quarantine, and two were sent back to their original co

untry or region due to the lack of quarantine reports and rabies antibody test results.

Last year alone, 1,577 pets-822 dogs and 755 cats-entered Shanghai from overseas, customs data show.

Shanghai Customs has been publicizing information on the new regulations throu

gh various channels to passengers, including cooperating with more than 60 air carriers, it said.

www.bbdq.com.cn

A leak that may have come from the Australian Secu

ty Intelligence Organization suggested that Chinese-Australians contesting local government elections represented securit

y threats because they might have belonged to an organization called the “Australian Council for the Promotion of Peace

ful Reunification of China”. Actually, none of the candidates mentioned has ever been associated with ag

itation or lobbying on issues of concern to Beijing such as the South China Sea, Taiwan or Tibet.

Worst example of anti-China prejudice

One of the worst examples of anti-China prejudices comes from a bo

ok written by a professor of public ethics, Clive Hamilton-Silent Invasion published in earl

y 2018. On pages 280-281 Hamilton writes that up to 40 percent of the Chinese in Australia are disloyal. Speci

fically, he says they are ready “to take to the streets to express their loyalty to Beijing-in other words, to Australia’s enemy”.

www.jswrh.cn

Pollution ‘worsened’ by climate changeijing area could b

Smog in greater Beijing area could be thickened by 15 percent, experts say

Climate change has been making meteorological conditions in the

greater Beijing area more conducive to the generation of haze, and combined with heavy s

mog, the situation could trigger a rapid increase in the concentration of airborne pollutants, researchers said.

The National Joint Research Center for Tackling Key Problems in Air Pollution Control demonstra

ted that without a reduction in the discharge of pollutants, air quality in the Beijing-Tianjin-Hebei cluster

could worsen by about 10 percent and even up to 15 percent in some cities because of unfavorable meteorological co

nditions, the China Meteorological Administration said in a release on Thursday.

Heavy air pollution and a high concentration of particulate

matter is more likely to be seen when wind speeds are lower than 7.2 kilometers per hour, rel

ative humidity is above 60 percent, and there is less than a 500-meter high “mixin

g layer”, which refers to the atmospheric height over which pollutants can be dispersed, it said.

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Kim Jong-un says 3rd summit with Trump possible

PYONGYANG – Kim Jong-un, top leader of the Democratic People’s Repub

lic of Korea (DPRK), said he is willing to meet the US president again on certain cond

itions, the official Korean Central News Agency (KCNA) reported on Saturday.

Kim made the remarks in his policy speech marking the First Session of the 14th Supreme People’s Assembly (SPA) on Frid

ay, a day after he was re-elected as chairman of the DPRK’s State Affairs Commission (SAC).

“If the United States adopts a correct posture and comes to the third DPRK-US summit with a certain methodology that can be shar

ed with us, we can think of holding one more (round of) talks,” Kim said. “It is necessary for both sides not to table t

heir unilateral demands but find out a constructive solution to meet each other’s interests.”

The top leader said he will “wait for a bold decision” from Trump “with patience till the end of this year.”

In his speech, Kim blamed the United States for only considering

its own interests during the second DPRK-US Summit in Vietnam’s Hanoi this Febru

ary. This has led the DPRK to question Trump’s willingness to improve relations with the DPRK.

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Bolstering high-end sectors part of capital’s plan to see

After 40 years of high-speed growth, China’s economy ha

s entered a high-quality development phase. Starting today, China Daily will feature a series of reports to sh

ow the new landscape across the country. This is the first installment of the series.

Beijing’s municipal government has been making efforts to develop high-end industries suc

h as 5G, artificial intelligence and the industrial internet in order to build the city into the nation’s scientific and innova

tion center, which is a core strategy of the capital’s high-quality growth plan, a senior officials said recently.

Lin Keqing, executive vice-mayor of Beijing, said the city is aimin

g to make new information technology and medical health twin drivers of the municipality’s growth.

“Beijing will make better use of resources to develop the biomedical indus

try and extend its value chain,” Lin said. “We have unveiled an international medical-use ro

botics innovation center in Zhongguancun, China’s Silicon Valley, and a group of companies in the sector.”

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Factors contributing to the rise of one-person hous

s include new views on marriage, high levels of divorce, increased education that leads to more employment and b

etter-paying career opportunities, and increased longevity and improved health at older ages.

The growth of one-person households could have numerous consequences for society, ran

ging from housing and health care to the fertility rate and consumption patterns, say experts.

In the US, one major reason for staying single is that marriage isn’t view

ed as it once was, and the age at which one gets married is also rising, the Census report shows.

More than half of the participants in a nationally representative sample (55 percent) sai

d that getting married was not an important criterion for becoming an adult, according to the Census report. The sa

me percentage also said that having a child was not an important milestone of adulthood.

“Decades ago, people often waited (or tried to wait) until marrying before having kids, h

aving sex, or buying a home,” Bella DePaulo, a social scientist at the University of California, Santa Barbara, t

old China Daily in an email. “Now those possibilities are readily available outside of marriage.”

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I am offering to sit down with the leader of the op

osition and to try to agree a plan that we would both stick to ensure that we leave the European Union and that we do so with a deal.”

The pound rallied against the dollar as much as 0.3 percent to above $1.31. It also strengthened against the euro to 85.43 pence.

May said that if she could not agree a unified approach with

Labour leader Jeremy Corbyn then the government would agree a number of options o

n the future relationship with the EU and put them before the House of Commons in a series of votes.

The government, she said, would then abide by the decision of the House of Commons.

Her divorce deal with the EU has been defeated three times by the lower house of the Briti

sh parliament, which failed on Monday to find a majority of its own for any alternatives.

The impasse has already delayed Brexit for at least two weeks beyond the planned departure date on April 12.

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The pre-approval requirement was designed to protect agai

  nst reckless conduct by Musk going forward,” the agency said. “It is therefore stunning to learn that, at the time of fil

ing of the [contempt] motion, Musk had not sought pre-approval for a single one of the nume

rous tweets about Tesla he published in the months since the court-ordered pre-approval policy went into effect.”

  Musk is interpreting the settlement “as not requiring pre-approval unless Musk himself unil

aterally decides his planned tweets are material,” the agency said, adding that such an approach is “inco

nsistent with the plain terms” of the settlement and makes the pre-approval requirement “meaningless.”

  The SEC also said that Musk has “made no diligent or good faith effort to comply with the pre-approval provision of the court’s order.”

  And it dismissed the Tesla CEO’s argument that his First Amendment rights are being

violated because needing pre-approval for his tweets does not mean “that he is prohibited from speaking.”

  Lawyers representing Musk responded with a court filing seeking permission to a

ddress “unsupported assertions” made by the SEC and to submit documentation that “un

dermines” the regulator’s position. Tesla didn’t immediately respond to a request for comment.

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