China to "cut army, boost air force, navy"

BEIJING (Reuters) - China plans to cut back its army and boost the navy and air force , sources with ties to the People's Liberation Army said, extending its military reach and risking greater regional tensions. China, which celebrates the 60th founding of the People's Republic on Thursday with a massive military parade, aims to cut its army by 700,000 troops over two to three years as part of its drive to modernize the world's biggest military into a leaner high-tech force, the two sources

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