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Over the past decade, Xi has overseen an ambitious transformation of the PLA into a “world class” fighting force that can rival the US military. Miao Hua, a longtime protege of Chinese leader Xi Jinping and a member of the Central Military Commission, has been suspended and placed under investigation. Miao’s military career took off soon after Xi came to power. As the chief political commissar of the PLA, Miao is tasked with ensuring its loyalty to the ruling Communist Party. “We must ensure the troops remain absolutely loyal, absolutely pure and absolutely reliable,” Xi told an audience of note-taking officers.
Persons: Xi, Adm, Miao Hua, Miao, , Joel Wuthnow, Mao Zedong, Xi Jinping, Cha Song, James Char, ” Char, Zhang Yang, Victor Shih, Shih, ” Xi, ” Shih, Wang Houbin, Dong Jun, Dong, Wuthnow, , Li Shangfu, Joseph Stalin, Mao, , , Mao’s, Lin Biao, keener Organizations: Hong Kong CNN —, People’s Liberation Army, PLA, Central Military Commission, Defense Ministry, Xi, Pentagon, National Defense University, , 31st Group Army, Rajaratnam, of International Studies, PLA Navy, Ground Force, CMC, Rocket Force, Navy, Defense, Communist Party, University of San, Financial Times, The Defense Ministry, Force Locations: Hong Kong, Fujian, China, Taiwan, Beijing, , Singapore, United States, University of San Diego
Huawei posted revenue of 445.8 billion yuan ($62.03 billion)for the first three quarters, 10 billion yuan less than it saw in the same period a year earlier, the company said on Thursday. Revenue for the third quarter alone came to 144.2 billion yuan, up 6.5% on a year earlier, based on Reuters calculations. "The decline in our device business continued to slow down, and our ICT infrastructure business maintained steady growth." The company is now a bit player behind rivals, including its former budget unit Honor, which it sold in 2020. Huawei is pushing to develop other businesses that are less dependent on U.S. technology, including smart car components, energy efficiency systems and cloud services.
SHANGHAI, Oct 24 (Reuters) - Electric vehicle giant Tesla (TSLA.O) has cut starter prices for its Model 3 and Model Y cars by as much as 9% in China, according to listings on the company's Chinese website on Monday. The starting price for the Model 3 sedan was reduced to 265,900 yuan ($36,727.03) from 279,900 yuan, while that for Model Y sport utility vehicle was cut to 288,900 yuan from 316,900 yuan, the product prices listed on its Chinese website showed. Tesla has been adjusting the prices in line with costs, the company told Reuters in a statement. Capacity utilisation at its Shanghai Gigafactory has improved, while the supply chain remains stable, leading to lower costs, it said. Tesla has upgraded its Shanghai factory to be able to produce 22,000 Model 3s and Model Ys per week in total, Reuters previously reported.
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