The China-US trade disputes have significantly influe

enced the renminbi’s performance, said Wang Shengzu, co-head of Investment Strategy Group Asia Goldman Sachs.

But the currency is unlikely to slip out of a reasonable range, assuming there is no big shock from the trade talks, Wang said.

As a sound base for a stable renminbi, “the Chinese economy has shown sig

ns of bouncing up, shown by the faster-than-expected growth of industrial output, ret

ail sales, and credit in the first quarter, and this means that economic activity is improving with supportive pol

icies”, said Wang.Liu Shiyu, China’s former top securities regulator, was under investigation for alleged violations of

the law, according to a statement Sunday from the Central Commission for Discipline Inspection.

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Moreover, the guideline stressed the significance of impr

oving internet access in rural areas in poverty alleviation and called for enhanced inform

ation sharing to promote urban-rural integrated development.The Port of Dunkerque in Fra

nce would seize the opportunities presented by China’s Belt and Road Initiative to boost trade between the two nati

ons, authorities said on the Seventh Dunkerque Port Night on May 16 in Shanghai.

Held by the Dunkerque Port Authority of France at the St Regis Jingan in Shangha

i, about 400 delegates attended the event to discuss the port’s performance in 2018 and its future development.

Officials said during the event that bilateral trade volume bet

ween China and France grew 15.5 percent year-on-year to reach $62.9 billio

n (434.5 billion yuan) in 2018, the highest level in the history, and believed that trade exchanges between the two countries wo

uld become more frequent under the Belt and Road Initiative and with the support of the port.

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School students and adult visitors learn about making print

In celebration of this year’s International Museum Day, the Palace Museum in Beijing turned itself into a dynamic stage on Saturd

ay and offered a variety of activities to echo this year’s theme, “Museums as Cultural Hubs: The Future of Tradition”.

Students and adult visitors were invited to the museum to learn about making prints and carving stamp seals and to learn about

the appreciation of and technological methods being used in the conservation of the age-old buildings at the Palace Museum.

The Chinese Musicians Association’s choir gave an outdoor performance. An exhibitio

n opened showing dozens of lithographs by artists from countries involved in the Belt and Road Initiative.

Wang Xudong, director of the Palace Museum, says it’s a duty for museums to provide a plat

form for scholars to exchange their academic findings, for artists from different cultural bac

kgrounds to show their work and boost mutual respect, and for children to pass traditions into the future.

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We are sad to hear the passing of architect I.M. Pei, whos

 incomparable contributions to museums and culture worldwide will leave an indelible legacy. In 1983, he accepted the Pritzker Architecture Prize here at The Met, s

aying: ‘Let us all be attentive to new ideas, to advancing means, to dawning needs, to impetuses of change so that we may ac

hieve, beyond architectural originality, a harmony of spirit in the service of man,” read The Met’s official Twitter account.

“For this Chinese-American growing up in the DC area, the East Win

g of the National Gallery of Art was an extraordinarily special place. A mon

ument ot beauty and to the possibilities of being an immigrant. RIP to a legend,” Twitter user Jia Lynn Yang wrote.

“You cannot talk about architecture in the last 60 years without talking seriously about I.M. Pei,” said Ro

bert AM Stern, a former dean of the Yale University school of architecture. “It’s not a single building. It’s h

is work over a generation of time and his logical and relentless pursuit of the highest degree of excellence.”

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Through its app, customers can watch their coffee being m

Luckin raised $561 million in its initial public offering Friday by selling 33 million American depositary shares at $17 apiece.

The ADS, which are trading on Nasdaq under the symbol “LK,” closed at $20.38 after rising as high as $25.96 earlier in the day.

England – Chinese head coach Guan Jianmin said in Manchester on Friday that Bianca Walkden’s controversial victory

over Olympic champion Zheng Shuyin at the World Taekwondo Championships is a big scandal in the sport’s history.

“I cannot believe this could happen during the world championships,” said Guan, also

President of the Chinese Taekwondo Federation. “This is the first time I have seen such kind of thing.”

Zheng, who had beaten Walkden three times in a row, took a dominant lead of 20-10 in the closing stages of the women’s over

73km category final, but the referee disqualified Zheng alleging she had committed 10 fouls during the bout.

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Telecom carriers, chipmakers and smartphone vendors

s in China are ready to commercialize 5G. China will directly grant 5G licenses, instead of the previ

ous plan to give several key cities interim 5G licenses, to better time the rollout,” said a source clos

ed to the telecom industry regulator who asked to remain anonymous because public statements are not authorized.

Michael Gao Wenhao, deputy general manager of the 5G industrial products line at ZTE, disclosed at a 5G conference in

Hong Kong on Thursday that “China is likely to start commercial use of 5G nationwide on Oct 1”.

He told China Daily that he got the information from the country’s major telecom operators.

China said earlier that it was considering a pre-commercial launch of 5G this year, follo

wed by large-scale commercialization in 2020. Miao Wei, minister of industry an

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The US administration’s more often than not conflicti

conflicting goals have resulted in the trade conflicts with China an

d other countries. For instance, China’s exports to the US grew 11.3 percent

and its trade surplus with the US increased to $323 billion in 2018, up 17.3 percent year-on-year.

Moreover, Washington has forbidden US companies to sell chips to ZTE, a Chinese multinational telecommunications equip

ment and systems company, even after imposing huge fines on the company. By so doing, the US has act

ually encouraged China to increase investment in its high-tech sector. So, even if China and the US

were to strike a deal, China would be prompted to import lower volumes of energy and agricultural products from the US.

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attracting talents and capital. This in turn prompts the autho

rities to introduce more favorable policies and regulations for the enterprises bas

ed in the US, which is essentially a combination of representative democracy and market econ

omy. Under such circumstances, how can the US promote sustainable reindustrialization?

Besides, reindustrialization is not possible without rebuilding or strengthen

ing infrastructure facilities. And although the US leader has been claiming to implement a trillion-dollar infrastructure

plan-and even made it one of the pillars of his “Make America Great Again” campaign-not much has come of it.

Another major problem is that the return on equity in the infrastructure sector is a mere 3 percent w

hile that in the US capital market is about 12 percent. So how can the US attract more private cap

ital to the infrastructure sector without guaranteeing a return on equity equal to that in the capital market?

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The keynote speech delivered by President Xi Jinping is ver

Diversified, harmonious and inclusive civilizations should be highlighted and they are good for sustainable development.

The conference offers an open platform for us to understand each other, and dialogues will help reduce many misunderstandings.

Asian countries need to reach a consensus by exchanging and mutual learning during this conference, and ba

sed on their histories and philosophies, they can have their own ways, or Asian styles, to solve problems.

I was born in a lucky generation, not in times of conflict or in times of war. Sometimes m

y generation may take peace for granted. But if we see the history, we cannot take anything for granted.

So how do we continue the age of peace? We might not be talking about

war. We might be talking about environmental challenges or terrorism.

This is not an issue that one country faces. We have to sit together, put these issues on the table and hopefully come to a consensus.

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Shanghai has ‘best business environment’ in China

hina’s financial center Shanghai boasts the best business environment in the country, according to a report on China’s urban busi

ness environment index jointly released by the China Strategic Culture Promotion Association, the C

hina Economic Media Association, WANB Institute and YICAI Research Institute.

With an index of 86.73, Shanghai topped the list of Chinese cities with best business environment, followed by the capi

tal city Beijing at 84.63, and then Shenzhen, in South China‘s Guangdong province, at 84.48.

The report evaluates Chinese cities according to five “soft environment” indexes — technological innovation, finan

cing, talent, culture and life — and two “hard environment” indexes, natural resources and infrastructure.

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