I installed the "Zhongwen Chinese Popup Dictionary" extension for Chrome. It kind of works -- as you hover over characters it shows the definition. But I don't have any good content! I can't find any good beginner level Chinese stories online!
I've been studying Arabic since April and have native instructors, and at this point I can easily pick up a children's book and read it. I can make out most of the news as well.
I'm not sure this applies equally to Chinese, as it's not a phonetic language. Extensive speaking/listening practice isn't totally transferrable to reading tasks. There are many things I can hear for which I might not recognise the characters (because I seldom see them written) and, equally, there are characters for which I know the meaning (because I read them when shopping online, and have seen them in context a lot) but not the sound.