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On Army Day, China warns of growing border security risks

© Reuters. Soldiers of China's PLA patrol in temperatures below minus 10 degrees Celsius at China's border with Russia in Heihe

BEIJING (Reuters) - China's military warned on Saturday on its founding anniversary of growing risks along its borders, including in the disputed waters of the South and East China Seas.

The Chinese military, the world's largest, has embarked upon an ambitious modernization program in recent years.

That, along with rising defense spending, has jangled nerves around the region. China says it is a threat to nobody, but needs to update outdated equipment and has to be able to defend what is now the world's second largest economy.

In a front page editorial, the official People's Liberation Army Daily said the world was facing unprecedented changes.

"The situation surrounding our country is generally stable, but the risks...