imageBEIJING: China will reduce the size of its standing army -- the largest in the world -- by 300,000 troops, President Xi Jinping said ahead of a huge military parade.

Beijing will "not seek hegemony" in the world, Xi said. Authorities have been making personnel cuts to the 2.3 million strong People's Liberation Army for decades in a bid to make it more efficient.

Copyright AFP (Agence France-Presse), 2015

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