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Coming to grips with China's 'wartime' footing on economy

Lines between trade curbs and military moves blur in shifting fight for control

A military delegation poses for photos after the National People's Congress closed in Beijing on March 13. (Pool via Reuters)

BEIJING -- As many had expected, Xi Jinping kicked off a historic third term as China's president by elevating his most loyal allies to key government posts at China's National People's Congress, which ended Monday.

One of the few surprises was Yi Gang's reappointment as governor of the People's Bank of China. Yi, a reformist who once taught economics in the U.S., had been expected to step down.

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