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China's giant personal computer maker Lenovo Group Ltd posted a quarterly loss on Friday－blaming higher costs and sluggish sales in the personal computer and smartphone market.

China's leading supercomputer manufacturer, Dawning Information Industry Co, also known as Sugon, is gearing up to build a national-level advanced computing innovation center in Tianjin in response to the burgeoning demand for computing power.

China's economic development has brought about major accomplishments that have changed the mindset of the masses and instilled in them the confidence to carve out their own destiny. Achievements include the espousal of universal education, female participation in the workforce, organized employment of the population, and a corruption-free society based on honesty and integrity.

China's new policy announcements were made by Vice Finance Minister Zhu Guangyao on Nov 10. They follow the 19th National Congress of the Communist Party of China, where Chinese leaders set out the long term strategic direction of the nation, of which financial liberalization is one of the focuses.

China's further opening-up promises tremendous business opportunities for foreign companies in the world's second-largest economy, a top executive of a global nutrition player said.