TAIPEI, March 3 (Reuters) – Taiwan plans to more than double its yearly missile production capacity to close to 500 this year, the island’s defence ministry said in a report, as it boosts its combat power amid what it sees as China’s growing military threat.
Taiwan last year approved extra military spending of T$240 billion ($8.6 billion) over the next five years as tensions with China, which claims the island as its own territory, have hit a new high and Chinese military planes have repeatedly flown through Taiwan’s air defence identification zone.
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Taiwan to more than double annual missile production capacity amid China tension
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