Caixin
Aug 13, 2021 09:21 PM
CHINA

Chinese Official Predicts Flooding of Key Rivers, Taliban Could Take Kabul in 90 Days, $600 Million of Cryptocurrencies Stolen in Hack

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 the adult English training company Wall Street English’s declaration of bankruptcy. They are also following Pakistan’s investigation in the Dasu terrorist attack.

1. All adult Covid patients in Nanjing receive traditional Chinese medicine treatment

All patients over 18 years old in Nanjing received traditional Chinese medicine (external source, in Chinese) treatment for Covid-19, according to Litchi News. Since July 20, Nanjing Chinese Medicine Hospital has distributed more than 300,000 herbal tonics to the city’s isolation centers.

2. Chinese court upholds Canadian drug smuggler’s death penalty in second trial

The Liaoning Provincial High People’s Court (external source, in Chinese) upheld the death sentence of Canadian drug smuggler Robert Lloyd Schellenberg in a second trial on Tuesday. Schellenberg was involved in international drug trafficking and a plot to smuggle 222 kilograms of methamphetamine into China.

3. Wall Street English to declare bankruptcy

Wall Street English (external source, in Chinese), the Italian international adult English training company, will reportedly announce the bankruptcy of its Chinese operations next week. The head of the company’s northern China branch has informed the directors of its local branches of the decision, according to the news website yicai.com.

TOP10-3
Photo: VCG

4. China to vacate hospitals for quarantine within 48 hours of a Covid outbreak

The National Health Commission (external source, in Chinese) issued a notice on Monday requiring all localities to vacate designated hospitals within 48 hours when a local Covid flare-up occurs. The hospitals will be used for the centralized treatment and isolation of Covid-19 patients.

5. Floods may occur in Chinese watersheds in mid and late August

Li Guoying, minister of water resources (external source, in Chinese), predicted flooding of the Yellow River, Haihe River, and middle reaches of Yangtze River in mid-to-late August, following frequent rainstorms and flooding in Southwest China and parts of the Yangtze recently.

6. Taliban could take Afghan capital Kabul within 90 days

A U.S. defense official predicted Wednesday that the Taliban could take Afghan capital Kabul (external source, in Chinese) within 90 days. Taliban forces now control up to 65% of Afghanistan’s territory, including 11 provincial capitals.

7. Pakistan blames Taliban for bus attack that killed nine Chinese

China and Pakistan will continue to strengthen security cooperation mechanisms (external source, in Chinese) to ensure the safety of Chinese projects, citizens, and institutions in Pakistan, the Chinese foreign ministry said after Pakistan announced the July 14 bus explosion that killed nine Chinese citizens was a suicide bombing carried out by the Pakistani Taliban movement.

8. About 120 million LeTV shares to be auctioned off

The auction of 121 million shares of LeTV (external source, in Chinese), a Chinese internet-based TV service company founded by billionaire Jia Yueting, will start on Sept.11, according to auction site of e-commerce platform Taobao.

9. China to ban karaoke songs with “illegal content”

China will establish a blacklist of karaoke songs (external source, in Chinese), banning the playing of songs containing “illegal content” in karaoke venues nationwide starting from Oct. 1, according to the Ministry of Culture and Tourism.

10. More than $600 million of cryptocurrencies stolen in massive hack

More than $600 million worth of cryptocurrencies (external source, in Chinese) was stolen in a cyberattack that targeted Poly Network, a decentralized finance platform, The Economist reported on Wednesday. As of 10 p.m. Beijing time Wednesday, about $5 million had been returned.

Translated by intern reporter Chen Bingyi.

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.

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