China's paramount leader Xi Jinping announced a major overhaul of China’s military to make the world’s largest army more combat ready and better equipped to project force beyond the country’s borders. Under the reorganization, all branches of the armed forces would come under a joint military command. The Chinese Communist leader said the reform aimed to "build an elite combat force" and called on the officials to make "breakthroughs" on establishing the joint command by 2020, Xinhua said.
The United States reclaims its spot as the top export market for Japan as China slips due to economic slowdown. Japan's overall annual trade deficit meanwhile reaches 8.2 trillion yen, the highest on record.