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Taiwan to boost defence spending 10% in face of China pressure

Taiwan’s defence spending next year is set to grow 10.2% compared with this year, according to Reuters calculations, as the government ramps up military investment in the face of increased pressure from China.

President Tsai Ing-wen’s Cabinet on Thursday proposed T$453.4 billion ($15.42 billion) in military spending for the year starting in January, versus T$411.3 billion budgeted for this year, the Directorate General of Budget, Accounting and Statistics said in a statement.

China has stepped up its military activity around Taiwan, including flying fighter jets, since Tsai won re-election by a landslide in January on a platform of standing up to Beijing.

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