🇹🇼🇺🇸🇨🇳 Reuters: Taiwan President Lai Ching-te says increased military spending is aimed at deterring war as China increases pressure on the island.

In a speech on National Day, Lai said Taiwan cherishes peace but will not give up its freedom, while defending efforts to modernize its armed forces.

He welcomed dialogue between Washington and Beijing to reduce the risks of conflict, while calling for respect for the people of Taiwan.