For the 90th anniversary of the People's Liberation Army, China has displayed its modern arsenal in a grand parade. President Xi Jinping stressed the need for a "world-class" army capable of defeating all enemies.
The president closed the two-week National People's Congress with the promise of a new era of military might. Xi said that any nation interfering in China's territorial integrity would face "the punishment of history."
Chinese lawmakers have passed a landmark constitutional amendment that removes presidential term limits. The move paves the way for President Xi Jinping to become president for life.
China will allow foreign financial firms to compete on an equal footing and "sharply" expand their business scope. Beijing also promised to refrain from currency devaluation in its trade spat with the US.
Beijing has announced a plan to consolidate film, news and publishing under one regulatory body. With control over all media content, China's Communist Party can project its ideal image and quash dissent.
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