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Taiwan's Lai sets defence spending target at 5% of GDP

Energy Daily Monday, 1 September 2025 ()
Taiwan's Lai sets defence spending target at 5% of GDPTaipei (AFP) Aug 22, 2025

Taiwan's government aims to increase defence spending to five percent of GDP by 2030, President Lai Ching-te said Friday, as the United States pushes Taipei to invest more in its own security. Taiwan lives under the constant threat of invasion by China, which claims the self-ruled island is part of its territory and has threatened to seize it by force. The island has ramped up spendi
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