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China Restructures Economy After Financial Downturn

China’s leaders, whose country suffered a stock market crash during the summer, are seeking to increase national consumer spending to stabilize its faltering economy. Prior to the crash, the economy had been based on savings, exporting goods, and manufacturing growth instead of providing goods and services to its own people.

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UK Slashes Defense Spending

The military strength of the United Kingdom is “feeble” in the face of growing global threats, the nation’s highest commanders have warned. Years of personnel cuts in the armed forces, reduction of arms, and withdrawal from the Middle East have caused fears that the UK would be unable to handle “the real risk of being drawn into a conflict with an increasingly aggressive Russia in Eastern Europe,” The Telegraph reported.

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