Taiwan plans $9B investment in a new submarine fleet by 2038 to deter China amid tensions.
Taiwan plans to invest nearly $9 billion in building a new submarine fleet, aiming to manufacture seven vessels between 2025 and 2038 to deter China. The first domestically-built submarine, the Narwhal, has not yet completed sea trials and faces concerns over cost and timeline. The decision comes amid increasing tensions with China, which claims sovereignty over Taiwan.
August 27, 2024
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