China released the Global Top Journals List across All Disciplines on Saturday, marking the first time Chinese scientists have independently established and published a global academic journal evaluation system from a Chinese perspective.
The launch ceremony was held in the tech hub Shenzhen of Guangdong Province in south China.
Quality journal evaluation standards are seen as a guiding framework for scientific research.
Traditionally, journal rankings have relied on large-scale expert surveys.
However, Chinese scientists have pioneered a multidimensional evaluation system with new models and methods.
The newly released list includes 129 top-tier journals across all disciplines, based on this innovative system.
"We collected approximately 100 million pieces of metadata from journal papers, which formed the basis of our subsequent journal evaluations. In 2025, we plan to release additional journals list in sub-disciplines such as physics, chemistry and materials science," said Wu Dengsheng, distinguished professor at Shenzhen University and founder of Dongbi Technology.
Alongside the list, an analysis report on global sci-tech papers was also released.
The report reveals significant disparities in the production of high-quality sci-tech papers.
China excels in physics, chemistry, and geoscience and environmental science, while the United States leads in medical and life sciences.
Other countries also show strong performance in their respective fields of expertise.
"This evaluation system actually represents a matter of international academic discourse power. It will allow scientists and academic peers worldwide to better understand and accept Chinese academic journals. It is a fundamental support for a country's scientific and technological development," said Li Gang, deputy director of the Academic Committee of Wuhan University and director of the Wuhan Institute of Data Intelligence.
China launches global academic journal evaluation system
U.S. stocks ended mixed on Thursday, as a plunge for Microsoft and looming U.S. government shutdown fears pulled Wall Street away from record heights.
The Dow Jones Industrial Average rose 55.96 points, or 0.11 percent, to 49,071.56. The S and P 500 sank 9.02 points, or 0.13 percent, to 6,969.01. The Nasdaq Composite Index shed 172.327 points, or 0.72 percent, to 23,685.12.
Seven of the 11 primary S and P 500 sectors ended in green, with communication services and real estate leading the gainers by rising 2.92 percent and 1.42 percent, respectively. Meanwhile, technology and consumer discretionary led the laggards by losing 1.86 percent and 0.64 percent, respectively. The session's primary downward pressure came from Microsoft, which saw its shares crash nearly 10 percent, its worst daily performance since the market crash in March 2020. The software giant wiped out approximately 424 billion U.S. dollars in market valuation, the second-largest single-day loss in market history. Despite beating quarterly revenue and profit estimates, investors were spooked by soaring capital expenditures, which hit a record 37.5 billion dollars, and slowing growth in its Azure cloud-computing division. Analysts noted that 45 percent of Microsoft's backlog now hinges on OpenAI's financial stability.
It also rippled through the software sector, with ServiceNow dropping 9.94 percent, Salesforce losing 6.09 percent, and Oracle declining 2.19 percent. Tesla also contributed to the market weight, falling 3.45 percent.
Conversely, some "Magnificent Seven" peers offered limited support. Meta Platforms surged 10.4 percent following a robust sales forecast. Although investors have previously expressed concern about Meta's AI spending spree, they took comfort in the company's latest results, which showed 24 percent year-over-year revenue growth, driven by online ads.
Meanwhile, Apple rose 0.72 percent ahead of its own highly anticipated fiscal first-quarter report scheduled for release after the closing bell. Economic sentiment was further clouded by a political standoff in Washington, D.C. The U.S. Senate failed to advance a 1.2-trillion-dollar funding package on Thursday after all 47 Democrats and several Republicans voted against it. The impasse centers on funding for the Department of Homeland Security following recent fatal shootings by federal agents in Minnesota.
In the bond market, the yield on the 10-year U.S. Treasury note eased to 4.23 percent, down from Wednesday's close of 4.25 percent, as investors weighed the Fed's recent rate-cut pause against the fiscal uncertainty in Washington.
U.S. stocks close mixed as Microsoft sinks
