Taiwan is looking to double its defense spending amid escalating China tensions. Yimou Lee and Ben Blanchard of Reuters write (abridged):
Taiwan proposed on Thursday $19 billion in defence spending for next year, a double-digit increase on 2022 that includes funds for new fighter jets, weeks after China staged large-scale military exercises around the island it views as its territory.
China carried out its largest-ever war games around the democratically governed island after a visit this month by U.S. House Speaker Nancy Pelosi. The trip infuriated Beijing, which saw it as a U.S. attempt to interfere in China’s internal affairs.
The overall defence budget proposed by President Tsai Ing-wen’s Cabinet sets a 13.9% year-on-year increase to a record T$586.3 billion ($19.41 billion).
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