Taiwan's government aims to increase defence spending to five percent of GDP by 2030, President Lai Ching-te said Friday, as the United States pushes Taipei to invest more in its own security.

Taiwan lives under the constant threat of invasion by China, which claims the self-ruled island is part of its territory and has threatened to seize it by force.

The island has ramped up spending on military equipment and weapons over the past decade, but it remains heavily reliant on the United States to deter a Chinese attack.

Spending was expected to "reach five percent of GDP by 2030, in line with NATO standards," Lai said, during a visit to the Navy's 168th Fleet in northeastern Taiwan, according to a presidential statement.

Lai's remarks came a day after his government announced plans to in

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