Caixin
Jun 25, 2021 08:34 PM
CHINA

Price of Traditional Chinese Medicine Jumps Sixfold, a Solar First for Xinjiang, Taiwan’s Covid-19 Death Rate

Here is today’s ranking of the 10 most-read domestic stories in China, in economics, finance and current affairs. While these headlines can help give you a sense of what’s trending in the Chinese language sphere, the veracity and accuracy of the headlines hasn’t been independently verified by Caixin.

Internet users have been focused on a nearly sixfold increase in the price of Chinese traditional medicine pill mainly used for treating viral hepatitis. They are also continuing to pay attention to Hainan’s assertion it won’t turn into a “tax haven.”

1.Price of a traditional Chinese medicine hiked nearly sixfold

According to the China Economic Weekly, the price of Pien Tze Huang, a traditional Chinese medicine formula used for treating inflammation, that is often used in cases of viral hepatitis, has been raised (external source, in Chinese) from 590 yuan ($91) per pill to up to 3,000 yuan on online trading platforms.

2.185 million men follow beauty bloggers

About 185 million Chinese men follow beauty influencers on social media, with those aged from 25 to 30 making up around a quarter of that figure, according to a report (external source, in Chinese) from QuestMobile.

3.Guangzhou’s super-fast Covid-19 infection

A Covid-19 patient in Guangzhou was infected (external source, in Chinese) after just 14 seconds spent near an infected person.

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4.Hainan won’t turn into an offshore tax haven, governor says

China’s southern province of Hainan has pledged to step up scrutiny to prevent companies from using incentives to evade taxes after the central government unveiled plans to transform the tropical island into a free trade port. "We will not let the Hainan free trade port become a tax haven," Governor Feng Fei said Monday.

5.Travelers from Taiwan with Covid-19 arriving in mainland

Four travelers from Taiwan tested positive for Covid-19 on arrival in Xiamen, Fujian province, last week. Ma Xiaoguang, a spokesperson for the central government’s Taiwan Affairs Office, urged the Taiwan authorities to plug loopholes in their Covid-19 controls.

6.Phone fraud caused 35.37 billion yuan losses in 2020

Phone fraud in China caused an estimated 35.37 billion yuan (external source, in Chinese) in financial losses last year.

7.Ministry of Education requires schools to ensure after-school services are available for half an hour after closing time

The Ministry of Education plans (external source, in Chinese) to require primary and secondary schools to guarantee that after-school services, like those for students with special needs, will remain available for at least half an hour after their normal opening hours.

8.Shanghai raises minimum wage

According to state broadcaster CCTV, Shanghai will raise (external source, in Chinese) the monthly minimum wage by 110 yuan to 2,590 yuan and the hourly minimum wage to 23 yuan, starting from July 1.

9.Xinjiang’s first solar thermal power plant goes into operation

In mid-June, the first solar thermal power plant in Northwest China’s Xinjiang Uyghur autonomous region begun to stably generate power (external source, in Chinese) in Yiwu county, Hami. According to the state-run People’s Daily, the plant has 14,500 heliostat mirrors and can generate electricity equivalent to 61,900 tons of standard coal per year.

10.Taiwan’s Covid-19 death rate exceeds global average

According to reports citing the China Times News Network, the Covid-19 case fatality rate on the island has reached (external source, in Chinese) 4.2%, almost double the world average. 

Read the top 10 global news on the same day.

Translated by intern reporter Chen Bingyi

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.

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