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Taiwan's cabinet will propose defence spending of T$949.5 billion ($31.27 billion) for next year, accounting for 3.32% of gross domestic product, the official Central News Agency reported on Thursday.

It also faces calls from Washington to spend more on its own defence, mirroring pressure from the US on Europe.

Taiwan must rely on itself for its security, the island's foreign ministry said on Tuesday, responding to U.S. President ...