It seems that the financial condition of china is getting from bad to worse. Declining export, increasing tension with several countries owing to a number of issues, increasing cost of production, capital outflow, shifting of foreign companies out of china, huge debt problem, slow economic growth, etc, have taken a toll on Chinese Economy. It seems that China is in deep Economic trouble.
As per a report we have, china is planning to reduce the size of its army. Currently, Chinese army has the strength of 23,00,000 active soldiers. China plans to fire a massive 10,00,000 army personals to reduce its army size and save a large sum of money.