China on Tuesday downgraded this year's economic growth target and decided to slow the pace of expansion in its defense budget for 2019, as it has been engaged in trade and security spats with the United States.Beijing has set a gross domestic product growth target of 6.0 to 6.5 percent for 2019, down from last year's target of about 6.5 percent, with fears mounting that economic sluggishness in the Asian power will blur the outlook for the global economy.China also said it will increase military spending by 7.5 percent this year to 1.19 trillion yuan ($177 billion), almost four times that …READ FULL ARTICLE
