Taiwan's government has announced a significant increase in its defence budget, allocating an additional $40 billion to counter what it describes as intensifying threats from China. President Lai Ching-te emphasized the urgency of bolstering national security in light of escalating military harassment and international pressure from Beijing.

Increased Defence Spending
On Wednesday, Taiwan's President Lai Ching-te and Defence Minister Wellington Koo revealed the new budget during a national security council briefing. The additional funding represents an increase of at least $8 billion compared to previous estimates, aimed at enhancing Taiwan's military capabilities through advanced technology, including artificial intelligence, new missiles, and drones. The budget is set to cover the years 2026 to 2033, with plans to raise Taiwan's defence spending to 3.3% of its GDP by 2026 and to 5% by 2030.

Lai stated that the primary threat to Taiwan is not solely military action from China, but the possibility of Taiwan conceding to pressure. He firmly rejected any offers of a 'one country, two systems' governance model similar to that in Hong Kong, labeling it an "inviolable red line" for Taiwanese society. The Taiwanese government aims to strengthen its deterrence capabilities in collaboration with US support, as highlighted by Raymond Greene, the representative at the American Institute in Taiwan.

China's Response
In response to Taiwan's announcement, a spokesperson for China's Taiwan Affairs Office, Peng Qingen, criticized the move as a wasteful effort to gain favor with external powers, suggesting it would lead Taiwan into disaster. This development follows a recent phone call between former US President Donald Trump and Chinese President Xi Jinping, during which Xi reiterated China's claim over Taiwan and its intentions regarding annexation.

Diplomatic Tensions with Japan
The announcement also comes amid rising diplomatic tensions between China and Japan. Japan's Prime Minister Sanae Takaichi indicated that Japan would likely respond militarily if China were to attack Taiwan. This statement has prompted economic retaliations from China against Japan, further complicating regional dynamics.

Wrap-up
Taiwan's decision to significantly boost its defence budget reflects its commitment to national security in the face of increasing threats from China. The government's focus on advanced military technology and international collaboration underscores its determination to maintain sovereignty and democratic values. As tensions escalate in the Taiwan Strait, the international community remains watchful of developments in the region.

Sources
theguardian.com

@hoju-korean.com Editorial Team