TAIPEI (Reuters) -- Taiwan on Thursday proposed extra defense spending of 240 billion New Taiwan dollars ($8.69 billion) over the next five years, including on new missiles, as it warned of an urgent need to upgrade weapons in the face of a "severe threat" from China.
Politics
Taiwan plans $9bn boost to arms spending, warns of 'severe threat'
Extra budget comes on top of planned military expenditures of $17bn for 2022