A: Hey, Katsuo! Got any news?
B: Not really, Kenji. What's up?
A: Well, I heard something interesting about Taiwan. Their president, Lai Ching-te, wants to increase their defense spending to 5% of their GDP by 2030!
B: No way! That's a big jump, isn't it?
A: Yeah, it is! But with all the tension between Taiwan and China lately, I guess they feel like they need to beef up their defense. Lai even visited a naval base in Yilan on Friday to talk about it.
B: That sounds serious... but it makes sense, doesn't it?
A: Exactly! And get this - the Cabinet announced on Thursday that they plan to increase next year's defense budget by more than 20%! That would amount to 3.32% of their GDP.
B: Whoa, that's a big increase! I wonder if China will respond...
A: I think we can expect some kind of reaction from them. But it seems like the U.S. is also putting pressure on Taiwan to increase their defense spending. They don't want Taiwan to be at a disadvantage, you know?
B: Makes sense... let's keep an eye on this situation, Kenji. It could get interesting!
B: Not really, Kenji. What's up?
A: Well, I heard something interesting about Taiwan. Their president, Lai Ching-te, wants to increase their defense spending to 5% of their GDP by 2030!
B: No way! That's a big jump, isn't it?
A: Yeah, it is! But with all the tension between Taiwan and China lately, I guess they feel like they need to beef up their defense. Lai even visited a naval base in Yilan on Friday to talk about it.
B: That sounds serious... but it makes sense, doesn't it?
A: Exactly! And get this - the Cabinet announced on Thursday that they plan to increase next year's defense budget by more than 20%! That would amount to 3.32% of their GDP.
B: Whoa, that's a big increase! I wonder if China will respond...
A: I think we can expect some kind of reaction from them. But it seems like the U.S. is also putting pressure on Taiwan to increase their defense spending. They don't want Taiwan to be at a disadvantage, you know?
B: Makes sense... let's keep an eye on this situation, Kenji. It could get interesting!
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Summary
Taiwanese President Lai Ching-te aims to raise defense spending to 5% of GDP by 2030, with a proposed 20% increase in next year's budget. This move follows tensions between Taiwan and China. The US is reportedly pressuring Taiwan not to be at a disadvantage defense-wise. The potential response