By 5 pm, out of 1,561 flights scheduled for that day flew

More than one million people have visited the Beijing International Horticultura

l Exhibition since it opened on April 29, the Beijing International Horticultural Exhibition Coordination Bureau said.

At 11 am May 17, Yan Shuchen from Zhangjiakou of Hebei province became the one-millionth

visitor to the expo. When his family of three entered the Gate No 1, two officials of the bureau w

alked toward them and after congratulating them, presented them a gift, a pair of mascots for the expo.

Yan said he drove his wife and daughter fromtech companies began to freeze the supply o

f components and software to Huawei Technologies after the US trade blacklist, acco Zhangjiakou to the expo.

Visitors could get a 10 percent off the price if they book their tickets two days ahead online.

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Also on Friday, shortly after the US said it would ban Hu

awei from buying US technology without special approval, Huawei’s chipmaking arm, HiSilicon, said it has long been prepar

ed for the “extreme scenario” of the US blocking access to some components and technologies.

“We have been developing backup products for years in anticipa

tion. … Such efforts can ensure the strategic safety of most of the company’s products and

a continuous supply of most products,” said HiSilicon President He Tingbo in an internal letter.

Foreign Ministry spokesman Lu Kang said at a news conference on F

riday that the development and utilization of 5G depends on global cooperation, and int

erference by the US undermines the principle of fair competition and shows a lack of respect for other countries.

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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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urged to avoid more damage to China ties

Beijing urged Washington on Saturday “not to go too far” in harming China’s interest

s, and called for it to change course to avoid further damaging bilateral ties.

China firmly opposes the United States’ recent remarks and actions that harmed China’s interests, in

cluding its resorting to political means to suppress normal operations of Chinese companies, State Coun

cilor and Foreign Minister Wang Yi said in a phone call with US Secretary of State Mike Pompeo.

History and reality show that China and the US both benefit f

rom cooperating with each other, while both suffer from bilate

ral conflicts, and cooperation is the only proper choice for the two major countries, Wang said.

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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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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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he transformation and upgrading of existing industries

thanks to measures to stimulate innovation, optimize the business environmen

t and public services, and to strengthen opening-up and cooperation in the digital sector.

“China’s high-tech industries, represented by new technologies, new industr

ies, and new products, have maintained rapid growth in recent months,” she said.

According to the commission, output in the high-tech manufacturing sector rose 8.7 percent ye

ar-on-year from January to April, 2.5 percentage points higher than that of industrial output. High-tech ma

nufacturing output was responsible for 13.6 percent of industrial output, 1 percentage point higher year-on-year.

Output of the electronics and communication equipment manufact

uring sector, pharmaceutical manufacturing and aerospace and equipment manufacturing wer

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The Chinese government puts high importance on work re

ating to broadband connections at reasonable rates. General Secretary Xi Jinping issued instructi

ons on several occasions, stressing the need for enhanced information infrastructure building to provide people with acc

essible, affordable and user-friendly information services. Premier Li Keqiang emphasized that solid efforts must be made

for faster and more affordable internet services and sharpen the country’s international competitiveness in this regard.

Figures from the Ministry of Industry and Information Technology show that 1,000M broadband has been piloted in 100-plus Chin

ese cities. The country now has more than 3.76 million 4G base stations and 1.17 billion-strong 4G network users.

It was agreed at the meeting that as required by the Central Economic Work Conferen

ce and the Government Work Report, efforts must be intensified to make internet servic

es faster at a lower rate. This will not only benefit and facilitate companies and the people, but will also help boost effe

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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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China and the US started tit-for-tat tariff exchanges in July,

 when the first round of tariffs on $34 billion worth of Chinese goods

took effect. There has been strong opposition to the tariff measures from the US side.

Joe Biden, a Democratic candidate for US president, said on Monda

y, “The only people paying the price are farmers and working people right now”.

“Raising tariffs will hurt both the US and China economies, plus more importantly, they will hurt US farmers, co

nsumers and businesses,” tweeted Republican Senator Chuck Grassley of Iowa, a major soybean-producing state.

The world’s two largest economies have intensified their consultations to iron out differe

nces on existing trade issues. An 11th round of high-level talks was held in Washington on Thursday and Friday.

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