Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Taiwan says it is not seeking an arms race with China

Published 10/27/2021, 05:20 AM
Updated 10/27/2021, 06:01 AM
© Reuters. The flag of Taiwan flies on a scooter driving through a village on Kinmen, Taiwan, October 18, 2021. Sitting on the front line between Taiwan and China, Kinmen is the last place where the two engaged in major fighting, in 1958 at the height of the Cold Wa

TAIPEI (Reuters) - Taiwan is not seeking to get into an arms race with China but does need to defend itself and will not submit to pressure, its defence ministry said in a report to parliament on Wednesday.

Tensions between Taiwan and China, which claims the democratically-governed island as its own territory, have spiked over the past year as Beijing ups its military and political pressure to force Taipei to accept Chinese sovereignty.

That has included repeated missions by Chinese warplanes in Taiwan's air defence identification zone, or ADIZ, which covers a broader area than Taiwan's territorial air space which Taiwan monitors and patrols to give it more time to respond to any threats.

China is in the midst of a military modernisation programme, building new aircraft carriers and stealth fighters, while Taiwan is also increasing military spending, especially on developing new missiles and submarines.

In its report to parliament, Taiwan's Defence Ministry described the situation in the Taiwan Strait that separates it from its giant neighbour as "severe and unstable" and labelled the actions of China's military "provocation".

"Taiwan will not engage in an arms race with the Chinese Communists' military and will not seek military confrontation, hoping for peaceful coexistence across the strait," it said.

"But in the face of the Chinese Communists' threat to our national security, we will do our best to defend our country's sovereignty and will never give in under duress."

What it termed the "confrontation" between Taiwan and China would be "difficult to alleviate in the short term".

The military will strive to hone its abilities to monitor Chinese aircraft and ships so it can react earlier, and will also exchange intelligence with foreign countries so it can be fully informed of the regional security situation, it added.

Speaking earlier on Wednesday in Beijing, a Chinese government spokesman reiterated their determination to prevent Taiwan's formal independence and bring the island under China's rule, preferably peacefully.

But Ma Xiaoguang, spokesman for China's Taiwan Affairs Office, added: "We do not promise to renounce the use of force and reserve the option to take all necessary measures".

© Reuters. The flag of Taiwan flies on a scooter driving through a village on Kinmen, Taiwan, October 18, 2021. Sitting on the front line between Taiwan and China, Kinmen is the last place where the two engaged in major fighting, in 1958 at the height of the Cold War, and where memories of war are burned into minds decades later.  REUTERS/Ann Wang    SEARCH

Democratically-ruled Taiwan says it is an independent country and will defend itself if attacked.

The tensions have sparked international concern of a conflict that could pit the United States and its allies against China.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.