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Beijing says immediate, vigorous counteractions can be expected

Before contracting motor neuron disease, the young woman hoped to become a history professor after graduation.

Beijing-based Luckin Coffee, which has positioned itself as a rival to Starbucks Corp, particularly on delivery services, said Wednesday it raised 0 million in a fundraising round that values the on-demand coffee delivery startup at billion.

Before the tariffs, some labor-intensive manufacturers already had started leaving China, as the country’s wages have risen for the past 10 to 15 years, Mary Lovely, an American professor of economics and an expert on trade with China, told Xinhua.

Beijing has lowered the intensity of its response to the COVID-19 outbreak from the top level to the second level based on the current situation, which will lead to adjustments of prevention and control measures, a senior official said on Wednesday.