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China scientists develop flash memory 10,000× faster than current tech
(interestingengineering.com)
This is a most excellent place for technology news and articles.
It's definitely possible they're amplifying these developments to maintain confidence in the Chinese market, but I doubt they're outright lying about the discoveries. I think it's also likely that some of what they've been talking about has been in development for a while and that China is choosing now to make big reveals about them.