China Exports Drop A Seventh-Straight Month In October

Chinese exports sank for a seventh consecutive month in October, data showed Tuesday, as weak global demand dealt a blow to the world’s number two economy following recent signs of stability. The result, which also missed forecasts, comes as the country’s export-oriented companies see their

China Replaces Finance Minister Lou Jiwei: Xinhua

China’s finance minister Lou Jiwei was replaced on Monday, the official Xinhua news agency reported, in a switch of personnel at the top of the world’s second-largest economy. Lou was relieved from his duty and replaced by 59-year-old Xiao Jie,  the deputy secretary-general of China’s

China Developing Fastest Supercomputer Again

China has started to build a prototype supercomputer system with an estimated peak performance of over 1,000 quadrillion calculations per second, ten times that of the current fastest computer, researchers said Wednesday. The exascale supercomputer is being developed by the National Research Center of Parallel