Tesla cuts China Model Y prices
Tesla lowers prices on its Model Y long-range and performance versions in China. The move comes after sales of China-made Tesla vehicles fell 31%, and it is followed by a 2.7% drop in Tesla shares. Tesla reduced the starting prices of both models by 14,000 yuan ($1,935). The Model Y Long Range’s starting price is down 4.5% to 299,900 yuan, and that of the Model Y Performance is down 3.8% (349,900 yuan). Between August 14 and September 30, Tesla is also offering insurance subsidies in China of 8,000 yuan for buyers of the entry-level, rear-wheel-drive versions of the Model 3.
Musk: U.S.-China tensions ‘should be a concern for everyone’
Asked if he was concerned about “the growing belligerence” between the U.S. and China, Musk says that people should be concerned about tension between the two nations.
I think that should be a concern for everyone.
Musk believes China wants to take control of Taiwan – a country Tesla depends on for processors.
The official policy of China is that Taiwan should be integrated. One does not need to read between the lines…I think you should take their word seriously.
The Chinese economy and the rest of the global economy are like conjoined twins. It would be like trying to separate conjoined twins. That’s the severity of the situation. And it’s actually worse for a lot of other companies that it is for Tesla. I mean, I’m not sure where you’re going to get an iPhone, for example. There are some constraints on our ability to expand in China, and so we’re making as many cars as we can. It’s not a demand issue.
Longest glass bottom bridge in world opens
The world’s highest and longest glass-bottomed bridge opens Saturday in China’s Zhangjiajie mountains. Made up of 99 6m-wide panels, the structure is 430 metres long and suspended 300 metres above the earth, the bridge spans the canyon between two mountain cliffs in Zhangjiajie park in China’s central Hunan province. The bridge was designed by Dotan. Only 8,000 people each day will be allowed to cross the bridge. Tourists will have to book their tickets a day in advance, at a cost of 138 yuan ($20). Cameras and selfie sticks are banned, and people wearing stilettos will not be allowed to walk on the bridge. Tourist:
It’s crowded today and a bit of a mess. But to be suspended 300 metres in the air, it’s a unique experience.
Launches ‘hack-proof satellite
China launches the world’s first quantum satellite, which will help it establish “hack-proof” communications between space and the ground. The satellite is named after the ancient Chinese scientist and philosopher Micius. The satellite will create pairs of so-called entangled photons – tiny sub-atomic particles of light whose properties are dependent on each other – beaming one half of each pair down to base stations in China and Austria. Because its quantum state cannot be observed without changing it. it is useful for ensuring secure communication.
Threatens Taiwan
After the island elects pro-independence leader Tsai, China warns that Taiwan should “abandon its hallucinations about pushing for independence”.
If there is no peace and stability in the Taiwan Strait, Taiwan’s new authority will find the sufferings of the people it wishes to resolve on the economy, livelihood and its youth will be as useless as looking for fish in a tree.
Halts trading for second time
0 CommentsChinese regulators halt trading for the second time in one week as prices on multiple indices tumbled. Shares on the Shanghai Composite Index, the Shenzhen Composite Index and the CSI all fall more than 7%. The fall, which was attributed in part to the withdrawal of measures put in place by the government back in June intended to stabilize prices, has immediate repercussions throughout the region.
Released
Pu is released early from Beijing’s number One Detention Centre after serving 19 months for “inciting ethnic hatred” and “picking quarrels” on social media post. He was originally going to be detained for three years. He is released under “residential surveillance”, and has 10 days to decide whether to appeal against his conviction and sentence.
Smog red alert
Beijing issues smog red alert, ruling that all schools and businesses be shut down.
Comments on disputed island sail-by
After months of internal debate, the White House permits the Defense Department to sail one ship near a reef in the South China Sea that China claims. Carter says the U.S. has the right to operate near the Chinese structures.
What you read in the newspaper is accurate, but I don’t want to say when, whether or how we operate anywhere in the world. These are operations that we should be conducting normally.
China: No violations of territorial waters
China says it will not stand for violations of its territorial waters in the name of freedom of navigation, as the United States considers sailing warships close to China’s artificial islands in the South China Sea. Foreign Ministry :
We will never allow any country to violate China’s territorial waters and airspace in the Spratly Islands, in the name of protecting freedom of navigation and overflight.
Formally arrested
Phan-Gillis is formally arrested, after being held for six months accused of stealing state secrets. He husband said he decided to go public about her circumstances ahead of Chinese President Xi Jinping’s visit to the U.S. Her family deny the allegations. The US government has not commented. China’s Foreign Ministry confirms Phan-Gillis is under investigation.
Mrs Phan-Gillis is suspected of carrying out activities endangering national security, and is currently being investigated by relevant departments. We hope that the outside world will respect China’s handling of this case according to law.
Death toll rises to 112
The death toll rises to 112 after a massive blast site in the Chinese port of Tianjin on Sunday as teams scramble to clear dangerous chemical contamination. Hundreds of people are reported injured and 85 firefighters and ten others are missing since the fire and explosions.
Families protest at Malaysian embassy
Relatives of MH370 passengers scuffle with police along the sidewalk during a protest outside the Malaysian Embassy in Beijing. Relative:
I can’t trust them. This is not the first time they get the wrong news … Why? You tell me why?
Another protester:
These findings are fake. This is a conspiracy. Everything is fake.
Dinosaur eggs seized
Authorities raid a house and seize 231 fossilised dinosaur eggs and skeletal remains at Guangdong province. The skeletons are identified as a Psittacosaurus. The residents have been interrogated.
Stock markets slide
Turmoil returns to the Chinese stock market as shares suffer their worst fall in eight years, knocking commodity prices and fuelling jitters among investors in London. The Shanghai Composite Index drops 8.5% at 3725.56 – its worst fall since 2007.
Escalator swallows Chinese woman
A woman (Xiang Liujuan) dies after falling into an escalator in a shopping centre in central China. Surveillance footage shows a metal panel at the top of the escalator giving way, causing the woman and her toddler to stumble. Employees standing at the top of the escalators tried to pull the woman to safety, but were unable to stop her from being pulled in. The woman pushes her child to safety. The incident in Jingzhou, in Hubei province, has sparked widespread anger at the department store.Local authorities are investigating the incident.
China protests Japan visit
China shows says it is upset about Japan’s decision to host Lee, an opponent of the integration of Taiwan with the mainland. Spokesperson:
We urge the Japanese side to abide by the principles enshrined in the four political documents signed by China and Japan, including the China-Japan Joint Statement, and fulfill its solemn commitments to China. We strongly oppose any country providing a stage for ‘Taiwan independence’ activities and take strong umbrage at Japan allowing Lee to visit. Lee’s contemptible acts have made compatriots from both sides see more clearly the extreme harms ‘Taiwan independence’ forces do to the peaceful development of cross-Strait relations and the integral benefit of the Chinese nation, and will surely be scorned by compatriots from both sides.
World’s largest telescope under construction
China is hoping to finish construction of the world’s largest radio telescope by 2016. The telescope is built upon a naturally-formed bowl-like valley in the southern part of Guizhou. The huge dish is actually hung over the ground supported by thousands of steel pillars and cables and has perimeter of about 1.6 km. The telescope’s reflector is 500 metres in diameter and made up of 4,450 panels. Each panel is an equilateral triangle with a side length of 11 metres. Scientist:
Having a more sensitive telescope, we can receive weaker and more distant radio messages. It will help us to search for intelligent life outside of the galaxy and explore the origins of the universe.
Explosion video
A witness captures a huge explosion at a petrochemical plant in east China’s Shandong province on Thursday. Reports say that more than 200 firefighters and 40 fire trucks are battling the fire after tanks containing liquefied hydrocarbon leaked and caused the blast. The plant is situated in Rizhao.
Chinese test mind-powered car
Nakai University in China reveal a car that is controlled by the users brain activity — an electroencephalo-graph car. Drivers use a headset to monitor brain activity that direct the vehicle. Head of Research:
We connect our equipment with CAN (Controller Area Network) of the car for communication, which is a breakthrough because in the past the human brain signal can only control stuffs in visual environment or a simple thing like a wheelchair…Now we can do it on an entire car, and we are the first in China.