Taiwan aims to boost defense spending to 5% of GDP by 2030 | Taiwan President Lai Ching-te has indicated that he aims to boost Taiwan’s defense spending to 5 percent of gross domestic product by 2030.

The presidential office said Lai visited a naval base in Yilan on the northeast coast on Friday.

During the visit, Lai spoke of his plan to continue increasing the budget, saying that China’s threats have mounted in recent years.

This follows an announcement by the Cabinet on Thursday of a plan to increase next year’s defense budget by more than 20 percent from this year. This would amount to 3.32 percent of Taiwan’s GDP.

The move comes amid growing pressure from China’s military activities and calls from Washington to increase defense spending.