Taipei: Taiwan's cabinet will propose a 16% annual rise in defence spending for 2027 which will for the first time exceed T$1 trillion ($31 billion), the official Central News Agency reported on Sunday, as Taipei bolsters its military.
The move will come as China, which views democratically governed Taiwan as its own territory, has ramped up military and political pressure over the past few years to assert its claims, which Taipei strongly rejects.
