"In the interest of peace, we need to foster a keen sense of a global community of shared future," Xi said. "Prejudice, discrimination, hatred and war can only cause disaster and suffering, while mutual respect, equality, peaceful development and common prosperity represent the right path to take."
The military cuts President Xi Jinping announced on Thursday will mainly target "troops equipped with outdated armaments, administrative staff and noncombatant personnel", Ministry of National Defense spokesman Yang Yujun said at a news conference in Beijing.
China and Russia signed nearly 30 cooperation documents including a series of energy deals on Thursday during Russian President Vladimir Putin's stay in Beijing to attend China's V-Day celebrations.
When the vehicles carrying veterans were driven through Tian'anmen Square on Thursday morning, onlookers along Chang'an Avenue stood as one to honor the heroes.
More than 50 generals, including lieutenant generals and major generals, made a rare appearance on Thursday leading troop or air echelons in the military parade in Beijing marking the 70th anniversary of the end of World War II.
Nearly 1,000 soldiers from 17 countries joined war veterans and PLA echelons
China has obtained a full strategic strike capability thanks to the rapid development of its strategic missile force, military experts said after the People's Liberation Army made public some of its most powerful missiles in Thursday's parade.
The PLA ground force's advanced armaments have given the army an offensive capability that is unparalleled in Asia, said military observers.
China now has better information and electronic warfare capabilities as the People's Liberation Army has deployed some of the world's most advanced support aircraft, an aviation analyst said.
China honored 30 veterans on Wednesday for their contributions to the country's victory against Japanese aggression.
A busy schedule awaits participants in Thursday morning's victory parade in Tian'anmen Square.
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