Political Risk

At military parade, Chinese president says nation will cut 300,000 troops

“President Xi Jinping announced Thursday that China will cut its military by 300,000 troops, a significant reduction in one of the largest militaries in the world and a move that the Chinese leader called a gesture of peace. ‘The great renewal of the Chinese nation requires the dedicated efforts of one generation after another,’ Xi said in a speech at Tiananmen Square commemorating the 70th anniversary of the end of World War II in the Pacific.”

Source: At military parade, Chinese president says nation will cut 300,000 troops – LA Times

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