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China increases military budget and pegs GDP growth at 6.5%

Boosting the military budget, curbing “systemic risks” in the economy and targeting GDP growth at 6.5% were the key policies announced as the curtain went up for the National People’s Congress in Beijing. On Monday, Premier Li Keqiang told the Chinese parliament’s opening session that the 2018 defense budget would rise to 1.11 trillion yuan […]