Taiwan greenlights $8.88 bn submarine project in response to PLA threats

News Snapshot:

Taiwan has approved an NT$284 billion (US$8.88 billion) budget to build seven new submarines over the next 14 years to strengthen its defense against China. Critics have raised concerns about proceeding with the budget before the prototype submarine completes its sea trials read more Taiwan's President Tsai Ing-wen attends the launching ceremony of Narwhal, its first domestically built submarine, in Kaohsiung, Taiwan September 28, 2023. REUTERS Taiwan has allocated billions of dollars to build seven additional submarines over the next 14 years as part of its strategy to bolster defense against potential threats from China’s People’s Liberation Army (PLA). The...