BIG FIVE IDEAS
Today’s highly discussed Global Times stories on social media
ROBUST RECOVERY
Chinese travelers made more than 89 million trips during the three- day Dragon Boat Festival holidays, celebrated from Saturday to Monday, an increase of 94.1 percent year- on- year.
BAY ZONE PLAN
The provincial government of East China’s Zhejiang Province, neighboring Shanghai, is currently assessing replicating aspects of the blue print for constructing a Shanghai- Hangzhou- Ningbo Bay Economic Innovation Zone.
ONLINE PAYMENT
Chinese online payment clearinghouse NetsUnion processed 5.37 billion online payment transactions worth 2.96 trillion yuan ($ 462 billion) during Dragon Boat Festival, up 28 percent and 51 percent year- on- year.
BACK TO NORMAL
Yantian Port in Guangdong has recovered 70 percent of its operational capacity compared to its normal level after COVID- 19 flare- up disrupted the major port in South China.
CONSUMER RIGHTS
Chinese fin- tech company Mashang Consumer Finance Co said that it has redressed a red flag after the company was found infringing consumer rights.
China’s cyber police arrested a gang of three engaged in cyber investment scams in December 2020, who turned out to be postgraduates majored in computer science at the top Chinese universities.
Members of the gang were top- notch talents in computer science, according to the police. They developed multiple illegal mobile apps to cheat investors for their money. Their victims are from all over the country, with over 100 million yuan ($ 15.61 million) involved.
Their crimes first came to light in late 2020, when a woman in East China’s Zhejiang Province, surnamed Liu, found that she was not able to withdraw money from an app used to manage her investments.
Before that, Liu, ecstatic about the rising numbers in her account and believing that she was going to gain lucrative profits, continued to increase investment, and topped up to 180,000 yuan ($ 28,098) in the app within ten days.
The app’s backstage software was flawless and it was hard to trace, the police said. In December, the police finally seized the three suspects, together with over 30 mobile phones and over 10 sets of illegal source codes for mobile apps.