Here is today’s ranking of the 10 most-read news stories in China in economics, finance and current affairs, to help give you a sense of what’s trending in the Chinese language sphere.
Chinese social media users have been paying close attention to President Xi Jinping’s announcement that China will not build new coal-fired power projects abroad. They also continue to follow embattled Luckin Coffee’s statement that it has offered $187.5 million to settle all claims in a U.S. securities class action lawsuit.
1. Alipay’s Huabei integrated into central bank’s credit reporting system
Alipay’s consumer credit platform Huabei (external source, in Chinese) said Wednesday that it will be integrated into the central bank’s credit reporting system.
2. Luckin offers millions to settle lawsuit
Chinese coffee chain Luckin Coffee Inc. said Tuesday that it has offered $187.5 million to settle all claims in a U.S. securities class action lawsuit filed last year over its accounting fraud.
3. Nearly half of all primary and middle schools tell Education Ministry they provide after-school services
After the launch of policies to reduce the burden on schoolchildren, 96.3% of the 108,000 primary and middle schools — about half of such schools in the country — that sent feedback to the education ministry said they provide after-school services (external source, in Chinese), the ministry said.
4. U.S. Covid-19 “patient zero” probably appeared between August and October 2019, paper says
Chinese university researchers claimed in a paper posted on ChinaXiv, a pre-publishing platform hosted by the Chinese Academy of Sciences, that the first case of Covid-19 infection (external source) could have emerged between August and October in 2019, which is earlier than the officially announced date of the first confirmed case in the U.S. on Jan. 20, 2020.
5. Trudeau wins third term as Canadian prime minister
Justin Trudeau (external source, in Chinese) won a third term as Canada’s prime minister in the Canadian federal election.
6. China urges U.S. to investigate deadly drone strike in Kabul
China urges the U.S. to thoroughly investigate (external source) the drone strike in late August that killed 10 civilians in Kabul, Chinese foreign ministry spokesperson Zhao Lijian said at a regular press briefing Thursday.
7. Xi says China will not build new coal-fired power plants abroad
China will not build new coal-fired power projects abroad, President Xi Jinping said in a speech to the United Nations General Assembly on Tuesday, adding that the country will increase efforts to realize its climate pledges.
8. Chinese provinces solicit opinions on later retirement
Chinese provincial governments have been holding meetings to solicit public opinion on raising the retirement age (external source, in Chinese), a goal outlined in the country’s 14th Five-Year Plan.
9. U.S. to relax travel restrictions for fully vaccinated travelers from 33 countries
The White House said Monday that starting November, it will grant entry to fully vaccinated travelers (external source, in Chinese) from 33 countries, including 26 European Schengen states such as France, Italy and Germany, as well as seven additional countries including China, Britain, Ireland, South Africa, Iran and India.
10. Most Chinese retail investors hold shares worth less than 500,000 yuan
There are more than 190 million individual investors in China’s capital market, with 97% holding shares with a market value of less than 500,000 yuan (external source, in Chinese), according to Yan Qingmin, vice chairman of the China Securities Regulatory Commission.
Translated by reporters Cai Xuejiao.
Caixin has not independently verified the veracity or accuracy of all of the headlines or stories.
The daily ranking of most-read news stories among Chinese people, about China and global affairs, is jointly provided to you by Caixin Insight and HANA Data, an artificial intelligence technology team.
The key indicators calculated on the list are based on mass data sourced from China’s mainstream social media platforms and online news websites. Click here for a detailed introduction of our methodology.
