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Footwear makers: cut and run from tariffsrtment at the

US sneaker giant Nike and fancy shoemaker Allen Edmonds have joined the chorus of busines

s groups calling for the White House to hit the brakes on its move to raise duties on Chinese shoes an

d other products, further challenging President Donald Trump’s claim that China is paying for the tariffs.

A week after Trump threatened to impose tariffs on the remaining $300 billion of goods imported from Chi

na, more than 100 American shoe and sneaker companies, brands and retailers signed an open letter to the president saying the p

olicy “would be catastrophic” for consumers, businesses and the US economy.

“Your proposal to add tariffs on all imports from China is ask

ing the American consumer to foot the bill,” said the letter, dated on Monday and signed by

the companies. It was posted on the website of the Footwear Distributors and Retailers of America (FDRA).

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Through its app, customers can watch their coffee being

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.Museums are not only there for enjoyment; they are education, and as such should be free.

While I can appreciate the enormous costs involved in maintai

ning and obtaining collections, let the wealthiest 1 percent of the country pay for it.

The Met in NYC is technically free; they ask you to give what you can afford. But the idea

of a person or child interested in art not being able to view it because of cost is morally wrong.

Free entrance does not attract people, nor does it encourage them to appreciate it

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address Conference on Dialogue of Asian Civilizations

 President Xi Jinping will deliver a keynote speech at the opening ceremony of the Conferen

ce on Dialogue of Asian Civilizations to be held on May 15 in Beijing, a senior official said Thursday.

Xu Lin, deputy head of the Publicity Department of the Communist Party of China Cen

tral Committee and director of the State Council Information Office, made the announcement at a press conference.

Under the theme of “exchanges and mutual learning among Asian civilizations and a community with a shared futu

re,” the conference includes an opening ceremony and sub-forums, said Xu, also vice president of the event’s executive committee.

More than 2,000 government officials and representatives of various circles from 47 Asia

n countries and other countries outside the region will attend the opening ceremony and forums, said Xu.

A grand Asian culture carnival, an Asian civilization week, and an Asian food festival will also be held during the event.

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President hails Nepal’s participation in BRinping holds

China and Nepal should strengthen cooperation on infrastructure construction and continue to promote the constructi

on of the China-Nepal cross-border economic cooperation zone, President Xi Jinping said in Beijing on Monday.

Xi made the remark during his meeting with his Nepali co

unterpart, Bidhya Devi Bhandari, who is on a nine-day state visit to China.

China greatly values its ties with Nepal, and supports Nepal in mai

ntaining its national independence, state sovereignty and terr

itorial integrity as well as exploring a path of development that suits its national conditions, Xi said.

Also, China appreciates Nepal’s firm and long-standing support over issues related to C

hina’s core interests and major concerns and its active participation in jointly building th

e Belt and Road, Xi said. He added that China will continue to support Nepal’s economic and social development.

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nitiative proves worth as welcome public good: China Da

Convening nearly 40 foreign leaders and representatives from more than 150 countries, th

e Second Belt and Road Forum for International Cooperation, which opens in Beijing on Thursday, testifi

es to a growing aspiration for collaboration amid rising unilateralism and protectionism.

The conspicuous increase in the size of foreign participation com

pared with the inaugural forum two years ago corrobo

rates United Nations Secretary-General António Guterres’ earlier comment that the Belt and Road Initia

tive, like the UN Millennium Development Goals, is a public good for the entire world.

Since President Xi Jinping proposed the Silk Road Economic Belt and 21st Century Maritime Silk Road in 2013, some pe

ople have tried to persistently frame them as geopolitical tools. While such a label and subsequent fearmong

ering have stirred up worries in the ill-informed, they can’t hoodwink those with insight.

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Gao cited data to rebut that view and urged AmCham Chi

ina to evaluate China’s market access and business environment for foreign investors in a “comprehensive, objective and fair” way.

The ministry’s data showed that US investment in China jumped 71.3 percent year-on-ye

ar in the first three months of this year. In 2018, US investment increased 7.7 percent year-on-year.

Gao said expansion of the investment figures fully demonstrates that US compan

ies continue to be optimistic about the market and accelerate the pace of investing in China.

Gao cited another survey published in February by AmCham China that showed that most US

companies with operations in China said they have continued to see their revenues grow there.

Gao said the ministry will maintain close contact with foreign enterprise

s and business associations, and continuously improve China’s business environment.

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Lu made the remarks in response to recent media repo

 reports that India decided not to send a delegation to the second Belt and Road Forum for Internati

onal Cooperation later this month in Beijing. The reports said the initiative undermines the South Asia

n nation’s sovereignty via the BRI-related China-Pakistan Economic Corridor.

Lu said that, “If this decision about whether to participate in building the Belt and Road

was possibly made through a misunderstanding”, China firmly and sincerely advances the constr

uction of the Belt and Road on the basis of consultation and contribution for shared benefits.

He added that the initiative is open to all parties that are inter

ested in and willing to join in win-win cooperation.

It will not exclude any party, he said, adding that China is willin

g to wait if relevant parties need more time to consider their participation.

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The European leaders said they are glad to see a greater

 development in China, and the EU welcomes China’s willingness to share its development opportunities.

Chinese enterprises are welcome to invest in European countries, said the European leaders, adding that they will not adopt restrictive measures against specific com

panies, and are willing to provide a fair, open and transparent business environment for all foreign enterprises.

During the visit, Peng Liyuan, Xi’s wife, also attended a number of events aimed at deepeni

ng cultural and educational exchanges between China and the European nations.

As a special envoy of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the advanceme

nt of girls’ and women’s education, Peng was invited to visit the headquarters of the UNESCO in Paris.

Wang said Peng’s visit highlighted China’s image of a hardworking, responsible maj

or country that actively participates in international education, gender equality and other affairs.

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As if that was not enough of a provocation, Christensen

 said the first consultation will be held in September when a US delegation, led by a senior official fr

om the State Department’s Bureau of Democracy, Human Rights and Labor, is expected to visit Taipei.

The US has been using one pretext or the other to provoke Beijing and violate the 1979 Joint Commun

iqué. But for the sake of Sino-US relations and regional peace, Washington should realize that instead of gain

ing anything, it would suffer huge economic and political damage by interfering in China’s internal affairs.

Xi’s message of peace and reunification

Delivering a speech to mark the 40th anniversary of the Message to Taiwan Compatri

ots on Jan 2, President Xi Jinping said that, on the basis of the common political foundation of uph

olding the 1992 Consensus and opposing “Taiwan independence”, political parties and people across all sectio

ns of society on both sides of the Straits can recommend their representatives to hold in-depth dem

ocratic consultations and establish institutional arrangements for peaceful development of cross-Straits relations.

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Indian tech billionaire gives $7.5 billion to charitywealth to

  India’s second-richest man is giving billions to charity in what may be the country’s biggest single donation ever.

  Azim Premji, the billionaire chairman of Wipro (WIT), is handing shares in the

tech company worth nearly 530 billion rupees ($7.5 billion) to his philanthropic foundation.

  The tech tycoon has now donated a total of $21 billion to the Azim Premji Foundat

ion over several years, including 67% of Wipro’s shares, the foundation said in a statement.

  Premji, 73, has a fortune of more than $18 billion, according to the Bloomberg Billionaires Index.

  He was the first Indian to sign the Giving Pledge, a campaign started by Warren Bu

ffett with Bill and Melinda Gates to encourage billionaires around the world to commit most of their wealth to charity.

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