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Taiwan Plans Military Spending Surge to Counter Rising China

  • Defense expenditures to rise to 3 percent of GDP by next year
  • Tensions have grown as island’s president shifts from Beijing
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Photographer: Sam Yeh/AFP via Getty Images
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Taiwan plans to raise military spending by about 50 percent next year as President Tsai Ing-wen attempts to offset China’s growing might and support the local defense industry.

Military expenditures are targeted to rise to 3 percent of gross domestic product next year, up from about 2 percent this year, Minister of National Defense Feng Shih-kuan said Thursday while presenting a report outlining Tsai’s first major security review since becoming president. Taiwan plans to develop indigenous ships, airplanes, weapons and unmanned aerial vehicles, he told lawmakers in Taipei.