The ministry also released several typical cases that we

n April 2018, Shanghai police arrested eight people from Shanlin (Shanghai) Financial In

formation Service Co, which was involved in illegal fundraising of more than 60 billion yuan.

The company, with a registered capital of 1.2 billion yuan, adopted a physical store and online ma

rketing to take public deposits. From October 2013, the company opened over 1,000 physical stores

across the nation and trained its employees to sell financial products through advertising and telemarketing wit

h the promise of high interest. In 2015, the company opened online financing platforms to raise money.

The company’s claimed investment projects were found to have no profit

ability, resulting in a huge capital gap that prevented it from repaying investors’ principal and interest. Last

www.clevru.cn

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.

87877777.com

Different from 3G and 4G technologies, 5G technolo

 will impact various industries and stimulate the emergence of many new products, services and industries.

China Daily’s app was named the “Highly Commended” news app of the year at the newsawards 2019 in London on Wednesday.

The result was announced at the gala dinner held at the Royal Lancaster London. Ch

ina Daily beat two other nominees – The Independent and the Belfast Telegraph – to win the honor.

The China Daily app offers “a powerful mix of technology and innovation, with great clarity on audience needs,” said the judges.

The automotive sector will most likely be one of the first industries to rely

on 5G, connecting vehicles to other vehicles, roadsides, traffic lights, buildings and the inter

net to process data across cars or in the cloud, according to the report.

As 5G technology has integrated various industries and technologies, the number of 5G Stand

ards-Essential Patents applications surged to more than 60,000 globally by the end of April, the report said.

www.newbalancestore.cn

Foreign volunteers help out at Hangzhou scenic spot

More than 2.5 million tourists visited West Lake in Zhejiang province over the May Day holiday.

What caught the attention of many of them was the presence of a team of eight intern

ational students, all wearing yellow vests and Bluetooth headsets, and riding electric scooters.

The eight were studying in Hangzhou, Zhejiang’s provincial capital. They are the first internatio

nal volunteer team serving at the famous spot, which was listed as a UNESCO World Heritage Site in 2011.

The foreign volunteers are from India, Mongolia, Banglade

sh, Indonesia, Democratic Republic of Congo, Ethiopia, Tanzania and Yemen.

“As Hangzhou is seeing an increasing number of individual travelers from abroad followin

g the 2016 G20 Summit … we have been considering how to diversify our volunteer forces during h

olidays and peak seasons for years,” said Liu Jian, director of the volunteer program.

www.xiaovfuli.cn

We hope the exhibition, which lasts 162 days, will

l become a platform for people to experience natural beauty and t

o better understand, and then materialize, Xi’s wonderful ecological ideas.

When the sustainable developme

ustin Irwin anad James Berry took turns to steer their boat o

n Barkley Lake in western Kentucky, looking for Asian carp.

It did not take them long to spot a school of fish. Stopping the boat, Berry started to feed a 180-m

eter-long net into the water as Irwin maneuvered the boat to form the net into a large circle.

With the net in place, they then steered the boat in a circle, banging the hull with a wooden st

ick. Immediately, carp started to jump out of the water before splashing back in.

nt goals are firmly established in people’s minds, the significance of hosting the exhibition will have been achieved.

www.olkcim.cn

hina, US hold 10th round of high-level trade consultations

Chinese Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin held the t

enth round of China-US high-level economic and trade consultations in Beijing from Tuesday to Wednesday.

As planned, the two sides will hold the 11th round of high-level economic

and trade consultations in Washington D.C. next week.This combo photo shows Chin

ese Vice Premier Liu He, who is also a member of the Political Bureau of the Communist Party of China Central Co

mmittee and chief of the Chinese side of the China-US comprehensive economic dialogue, posing for photos with

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. They held the tenth round of Chi

na-US high-level economic and trade consultations in Beijing from April 30, 2019 to May 1, 2019.

Liu is also a member of the Political Bureau of the Communist Party of China Centra

l Committee and chief of the Chinese side of the China-US comprehensive economic dialogue.

117xe.cn

The prize includes two categories, theory and experiment

The 2018 laureates for theory are Juan Ignacio Cirac, David Deutsch, Peter Shor and Peter Zoller,

for their seminal theoretical work on quantum algorithms and physical architectures of quantum com

puters and simulators, while the experimental category prizes went to Rainer Blatt and David Wineland for pio

neering experiments that demonstrated fundamental elements of quantum computing with trapped ions.

The 2019 prizes were awarded to Charles Bennett, Gilles Brassard, Artur Ekert and Stephen Wiesner in the theory category for th

eir work on quantum cryptography, and experimental prizes went to Pan Jianwei and Anton Zeilinger for their grou

ndbreaking experiments that enabled practically secure and large-scale quantum communications.

The awards ceremony will be held on Sept 20, Luo said.

USTC has been leading the world’s quantum information science and techno

ogy development in recent years, with Pan’s team attracting enormous attention from home and abroad.

ex177.cn

Amazon to end local 3rd-party sales in Chinaon offices in Ne

US-based tech giant Amazon.com Inc plans to shut down its third-party seller services on its Chinese online marketplace

in July, as it shifts its focus to offering Chinese mainland consumers overseas products rather than goods from local sellers.

Starting July 18, customers logging in to Amazon’s Chinese web portal will only see a selec

tion of goods from its global store, rather than products from local third-party sellers.

Amazon said it will keep running its other businesses in China, inclu

ding the cross-border shopping business Amazon Global Store; Global Selling, which helps Chin

ese merchants sell products abroad; its cloud service platform Amazon Web Services; and Kindle e-book devices and content.

“Over the past few years, we have been evolving our China online retail business to increasingly

emphasize cross-border sales, and in return we’ve seen a very strong response from Chinese customers.

leoville-barton.cn

Index results bode well for quarterly GDPprise mark

hina’s economic growth will remain stable in the first quarter, and is expected to land at 6.3 percent or even higher year-on-year when it is released this week, e

conomists said after some economic indicators for March surprised the market on the upside.

“Downside pressure began to ease in the first quarter, as signaled by the r

ather substantial recovery in various economic indicators in March,” said Yao Jingyuan, form

er chief economist at the National Bureau of Statistics and a researcher for the Counselors’ Office of the State Council.

Chinese banks’ lending in yuan, a leading indicator for the real economy

, surged in March by 1.69 trillion yuan ($252 billion), up 52 percent from a year earli

er, according to the People’s Bank of China, the central bank. The manufacturing purchasing managers inde

x for March, which was back into expansion territory, may be a sign of accelerating industrial activities.

Exports in March also picked up, rising 14.2 percent in US dollar ter

ms from a year ago, versus 0.1 percent for the January-February period, customs data showed.

fqyp.org

The area burnt by the fire is estimated to be 5 to 10

 hectares, spreading due to windy weather.

The forest fire first broke out at around 6 pm on March 30 at a remote spot in the mountains at

an altitude of over 3,700 meters in Muli County. Local authorities dispatched more than 600 people to put out the

blaze. After engulfing about 15 hectares of forest, the blaze was initially extinguished Tuesday.

A lightning strike has been confirmed as the cause of the fire, local authorities said earlier.

The restarting of the fire was caused by strong wind in the area, sources said.

China’s health and education authorities pledged to work together to control child myopia on April 3.

Health departments will help schools and parents to conduct targeted intervention, said Ma Xiaow

ei, head of the National Health Commission, at a meeting between the commission and Ministry of Education.

www.bbdq.com.cn