Taiwan Proposes Big Jump in Military Spending Amid Chinese Pressure

TAIPEI—Taiwan unveiled plans to spice up army spending by its largest margin in 15 years in response to escalating tensions with China that come amid deteriorating ties between Beijing and Washington.

On Thursday, Taiwan’s cupboard proposed a record-setting baseline army finances of $13.7 billion for subsequent 12 months. That might quantity to a rise of almost 13% over this 12 months’s protection finances—the most important year-to-year soar since at the least 2007.