Taiwan plans to use $8.7 billion to fund missiles, naval ships and other systems to deter an attack from China
PINGTUNG, Taiwan—Taiwan plans to significantly increase military spending in the next five years, according to a draft bill that calls for new outlays on weapons systems that would better equip the island to repelThe proposal, unveiled by
Taiwan’s cabinet on Thursday, calls for the allocation of the equivalent of about $8.7 billion, over the next five years to fund the acquisition of homegrown precision missiles, high-performance naval ships and weapons systems for existing warships.
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