Taiwan’s Lai Says Defense Spending to Reach 5% of GDP by 2030

Taiwan's President Lai Ching-te has announced that the country's defense spending will reach 5% of its GDP by 2030. This announcement highlights the Taiwanese government's commitment to bolstering the island's self-defense capabilities against potential threats from China. The increased defense spending is a significant move, as Taiwan seeks to safeguard its sovereignty and territorial integrity in the face of China's growing military assertiveness in the region. The plan aims to strengthen Taiwan's military capabilities, including investments in advanced weapons systems, technology, and personnel training. The decision comes amid heightened tensions between Taiwan and China, with Beijing continuing to claim sovereignty over the island. The Taiwanese government's focus on enhancing its defense posture reflects its determination to protect its democratic system and resist any potential Chinese aggression or coercion. While the specifics of the defense spending plan are yet to be fully disclosed, the announcement underscores Taiwan's resolve to maintain its independent status and ensure its long-term security in the face of ongoing geopolitical challenges.