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China to cut 300,000 troops from its military

The announcement from President Xi Jinping came before a military parade.

Chinese President Xi Jinping has said he will cut 300,000 troops from the Chinese military over the next two years. The announcement came before a military parade in Beijing commemorating the end of World War II.

Marketplace’s China bureau chief Rob Schmitz joins us to talk about the reasoning behind the huge reduction in personnel.

Click the media player above to hear more.

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