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.
In a report printed on Wednesday and sent to the parliament for review by lawmakers, a copy of which was reviewed by Reuters, the defence ministry said the extra spending included plans to boost annual missile production capacity to 497 from the current 207 a year.
