Its translation and a lot of good discussion about it happened right here in the Codex: https://rpgcodex.net/forums/threads/the-legend-of-sword-and-fairy-aka-chinese-paladin.99662/Yup, there's also a remake.Nice, looks like there's an English translation project for it:The Legend of Sword and FairyWhat's this?
https://www.romhacking.net/translations/2441/
TL;DR: Chinese Paladin 1 is a really good old-school RPG. It's like if classic JRPGs like Phantasy Star were PC exclusives and based on Chinese folklore. Great story and characters, with amazing sprites, the only downside is that the combat and dungeon design are very simplistic (bosses are still fun). But it has a mod that makes things really hard, if you prefer that.
There's actually three versions: The 1995 original, the 1998 re-release and the 2001 remake. The 2001 remake is dumbed down (and the translation project died), go for the 98 re-release that expands the endings.