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China Boosts Defense Spending, Sees Steady Economic Growth

At the opening of the National People's Congress in Beijing Wednesday, a major political meeting, Chinese leaders predicted the country's economy will continue to see stable growth at around 7.5 percent this year. China also announced it would spend more than $130 billion on national defense.   China's leaders said that while they faced tough challenges in 2013, including a slowing global economy, fluctuating exports and natural disasters, they still kept the economy...

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