Xi Says China No Threat, Announces Military Cuts at Parade

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  • Xi announces cuts to army of 300,000, biggest since 1997
  • Parade features aircraft, ballistic missile launchers

China Parade a Welcome Distraction from Market Turmoil

As fighter jets streaked through the skies of Beijing and tanks rolled through Tiananmen Square to commemorate the end of World War II, Chinese President Xi Jinping told the world that the nation was committed to peace and announced the biggest cuts to the army in almost two decades.

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