A new report estimates that China has spent over $15 billion dollars on exercises in the Pacific in 2023.

An internal report conducted by the Armed Forces of Taiwan estimated that China spent over $15 billion dollars on exercises in the Pacific in 2023. This estimate was produced in order to help Taiwan develop its own strategies for counter a potential invasion. The number represents about 7% of China’s defense budget compared to 85% of Taiwan’s. The spending on these exercises represents China’s increased willingness to pressure Taiwan and project power in the Taiwan straight.

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https://www.reuters.com/world/asia-pacific/china-spent-153-bln-pacific-exercises-2023-internal-taiwan-estimates-show-2024-08-27/