Abstract
The present work is devoted to giving new insights into the Liu chaotic system. The local dynamical entities, such as the number of equilibria, the stability of hyperbolic equilibria, and the stability of the nonhyperbolic equilibrium obtained by using the center manifold theorem, the pitchfork bifurcation, the degenerate pitchfork bifurcation, and Hopf bifurcations, are all analyzed when the parameters are varied in the space of parameters. All the closed orbits of the system are also proven rigorously to be nonplanar but only to be curves in space. Moreover, the existence of singularly degenerate heteroclinic cycles for a suitable choice of the parameters is investigated.
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