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China remains its title as the home of two of the world's fastest supercomputers.

China Ties with United States for Top Supercomputers Numbers

Nov 16, 2016 12:52 AM EST

China and United States are tied at the top spot for the numbers of supercomputers with 171 systems each. However, China leads the pack as two of its supercomputers are at the top of the rankings. China's Sunway TaihuLight holds the first position with its 93 petaflops while the second spot is held by Tianhe-2 with 34 petaflops specification.

China has pledged to peak its emissions by 2030 as per the terms of the Paris global climate pact.

Global Carbon Emission Remains Flat as China and US Cut Down Coal Use

S. Rina |

Nov 15, 2016 11:44 PM EST

World carbon emissions remained flat for the third consecutive year in 2016. The stall is mainly due to the reduced coal consumption by main contributors China and the US. The emissions were expected to rise 0.2 percent on year over year basis to 36.4 billion tonnes in 2016.

Both the defense ministers inked a deal for holding join military drills.

China and Iran sign military pact, to cooperate against terrorism

S. Rina |

Nov 15, 2016 10:58 PM EST

China and Iran have agreed to collaborate for defense and military cooperation. Chinese Defense Minister Chang Wanquan is currently on a three-day visit to Iran on the invitation of Iranian Defense Minister Hossein Dehqan.

China's JD.com launched its drone delivery program to cater to customers living in rural China.

China’s JD.com Unveils Drone Delivery Program for Rural China

S. Rina |

Nov 15, 2016 08:19 PM EST

Chinese tech company JD.com unveiled a trial run for its drone delivery program in rural China. The company carried out the tests in Jiangsu, Sichuan, and Shaanxi provinces as well as outside of Beijing during the Singles Day event last Friday.

Hollywood star Brad Pitt made his first public appearance in the Chine press conference for his upcoming film 'Allied'.

Brad Pitt is Back in China for 'Allied' Film Premier

S. Rina |

Nov 14, 2016 10:59 PM EST

Brad Pitt attended the China press conference for his latest film 'Allied'. The star made his first public appearance in China after an alleged ban over a Tibet film nearly 20 years back. The Hollywood star is also set to attend the premier of the film at Grand Cinema tonight.

The studio is behind Oscar award winning films such as ‘The Hurt Locker’ and ‘Dallas Buyers Club.’

Chinese Copper Company Anhui Xinke Buys Voltage Picture, Maker of ‘Dallas Buyers Club’

S. Rina |

Nov 14, 2016 10:51 PM EST

Anhui Xinke New Materials, a Chinese copper processing company, has bought a controlling stake in Hollywood studio Voltage Picture, the firm behind Oscar-award winning films such as 'The Hurt Locker' and 'Dallas Buyers Club'.

Wang made these remarks to the media during his visit to Turkey.

Chinese foreign minister calls for stronger relationship with the United States

S. Rina |

Nov 14, 2016 10:17 PM EST

China's foreign minister Wang Yi expressed his optimism that his country and the United States will mend their bilateral ties under Donald Trump's upcoming presidency. Wang made these remarks to the media during his visit to Turkey. He also added that China and the US remain in close contact.

The fund will be used for the joint development of movies and TV shows.

Chinese Media Company Inks $300M Deal with Image Nation Abu Dhabi

S. Rina |

Nov 14, 2016 09:53 PM EST

Intercontinental Communication Center (CICC) and Image Nation Abu Dhabi have inked a deal for setting up a $300 million fund, which will be used for the joint development of movies and TV shows. The content will be produced in China, the United Arab Emirates, Hollywood, and other countries.

China Cautions European Union Against Protectionist Policies

S. Rina |

Nov 13, 2016 05:17 PM EST

China has expressed concerns over the European Union's protectionist stance against its steel products. The recent overcapacity in the steel sector has caused a rift between China and the European Union (EU). China is the biggest producer of construction material in the world.

McLaren CEO Dennis Fights for Position Over Chinese Bid

S. Rina |

Nov 13, 2016 05:09 PM EST

McLaren CEO Ron Dennis faces an uncertain future due to an ongoing battle in the automotive group. The company chief is fighting a court case filed by other shareholders of the company calling for him to step down.

ZhongAn Information and Technology Services Co.

China’s First Online Insurer ZhongAn Starts Technology Subsidiary

S. Rina |

Nov 13, 2016 05:04 PM EST

Leading Chinese online insurance company ZhongAn has announced that it is establishing a new technology company. The newly formed, wholly owned subsidiary will be involved in diverse fields such as Artificial Intelligence, Big Data, Cloud Computing, and Blockchain.

It signaled the opening of a part of the trade route between the two countries.

China Boosts Ties With Pakistan, Opens new Trade Route and Port

S. Rina |

Nov 13, 2016 04:58 PM EST

China's first trade convoy reached Gwadar in Pakistan on Saturday, signaling the opening of a part of the trade route between the two countries. The China-Pakistan Economic Corridor (CPEC) forms a link between Xinjiang province in China with Baluchistan in Pakistan.

The company reported that it processed $18 billion worth of trade during the day

Alibaba Posts Record Turnover for Singles Day

S. Rina |

Nov 13, 2016 01:48 PM EST

Chinese e-commerce behemoth Alibaba broke records on Singles Day. The company reported that it processed $18 billion worth of trade on the day, showing a 32 percent increase over the previous year figure of $14.3 billion. The company also reported that 82 percent of the purchases were made from mobile devices.

It collaborated with the United States, another top emitter of greenhouse gases.

China May Become Climate Leader After Trump Win

S. Rina |

Nov 13, 2016 01:30 PM EST

The election of Donald Trump is expected to catapult China to the top spot in climate control field. The country has warned Trump that he should reconsider his vow to step away from the Paris climate after he assumes presidency of the United States.

The benchmark index is now more than 20 percent up from its low in January.

China Enters Bull Market as Stocks Hit 10-Month High

S. Rina |

Nov 13, 2016 01:19 PM EST

The Shanghai Composite Index gained 0.8 percent during Friday session. The benchmark index is now more than 20 percent up from its low in January. The spike also indicates the beginning of a "bull market." However, the index is still 48 percent down from its 2007 high.