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The United States must learn from expensive mistakes it has made trying to rebuild Afghanistan, where it has spent more than anywhere else, and tighten up conditions for aid and oversight or risk losing much more, the head of a watchdog agency said.

Chinese troops are rehearsing for a major parade in September where the People's Liberation Army (PLA) is expected to unveil new homegrown weapons in the first of a series of public displays of military might planned during President Xi Jinping's tenure, sources said.

The Obama administration sees planned new cybersecurity rules in China as a "major barrier" to trade and has raised concerns with Beijing at the highest level, a senior U.S. official said on Thursday.