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China announced Monday that it will boost its defense budget 8.1 percent this year from 2017, a larger increase than in the two previous years as leader Xi Jinping seeks to turn the country’s military into a “world-class” force that can venture farther from its shores.

Beijing will spend 1.11 trillion yuan ($175 billion) on its military, according to the budget, which was released before the opening session of the annual National People’s Congress, China’s rubber-stamp parliament, state-run media said.

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