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China Cuts Defense Spending as Economy Stumbles

China’s slowing economy is having an impact on government spending, including the country’s closely watched military budget. Fu Ying, a spokeswoman for China’s largely rubber-stamp parliament, told reporters Friday the military will see an increase of seven to eight percent this year.   The announced increase is the first time China’s spending on defense has slipped below double-digit growth in six years, and follows more than a decade of nearly consistent double-digit...

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