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That was basically the line from the Chinese Defense Ministry in a written reply to questions about the hawkish officers. The government would never waver in its determination to maintain China's sovereignty and territorial integrity, the ministry said. "At the same time, we have always upheld the peaceful resolution of international disputes and resolving problems with relevant countries through dialogue, negotiation and equal consultations." For some PLA watchers, the scope for these officers to voice controversial opinions is further evidence of expanding freedom of speech in China. "It is a genuine debate," said Patrick Ho, chief executive of the Hong Kong-based China Energy Fund Committee, a mainland-funded think tank that lists some outspoken military officers as consultants. "Even within the higher echelons of the military, there are conservatives and liberals, just like America and Europe. There are extreme views from each end," added Ho, a former senior Hong Kong government official and now an advisor to Beijing.
"Our recent track record proves that this kind of continuous investment in the product pays off," Reuss said. Despite a lukewarm uptake from consumers, Reuss also said the electric car is not dead. GM introduced the Cadillac ELR plug-in hybrid, the upscale sibling of the Chevrolet Volt, at the Detroit auto show on Tuesday. "We're talking about a massive transformation that we're undergoing as an myfavoritelouboutin.com industry, as a nation," he said. "It takes a long time to change an industry, to change habits and to change a way of life." Thousands of dollars in costs per car would be saved in the next generation of the Volt by adopting a more efficient design that would allow GM to use smaller vehicle components and save weight, said Reuss. He declined to say when the next version of the plug-in hybrid car would be introduced. He said if GM used a platform built specifically to carry the EV technology, the car could be smaller and less expensive.
Sharp is in talks with Lenovo about selling the LCD TV assembly plant in Nanking and also about tying up with the Chinese company in its other subsidiaries there, two industry sources familiar with the discussion told Reuters. Sharp said in a statement to the Tokyo Stock Exchange that it had not announced any talks. The talks were first reported in the Nikkei business daily in Japan.
The London Whale reports took attention from what otherwise would have been an upbeat day of financial results for Dimon and the company. The bank benefited from Coach Outlet|Coach Factory Store Online For Sale significant tailwinds during the fourth quarter, including the Federal Reserve's decision in September to buy $40 billion of mortgage bonds a month, which triggered more trading in fixed-income products and lowered mortgage lending rates at some points during the quarter. Goldman Sachs Group Inc (GS.N), the largest standalone U.S. investment bank, also posted stronger profits on Wednesday, helped by rising asset values.
But JPMorgan also seemed to have outperformed rivals in some areas. Chief Financial Officer Marianne Lake, in her first conference call for analysts, said JPMorgan had gained market share in deposits, for example. Fourth-quarter net income rose to $5.69 billion, or $1.39 a share, from $3.73 billion, or 90 cents a share, a year earlier. Analysts had estimated, on average, that the company would report $1.16 a share, according to a survey by Thomson Reuters I/B/E/S. JPMorgan shares closed at $46.82 in New York on Wednesday, up 1 percent for the day.
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