Beijing has repeatedly denied the likelihood of such a scenario, but the fears of the authorities of the island state have grown significantly due to the crisis in Ukraine. China has been stepping up pressure on Taiwan in the past few months. For example, China has recently conducted military naval and air exercises in the Taiwan Strait. In addition, a record number of Chinese military aircraft were spotted near the island last year. In this regard, Taiwan has stepped up its preparations for a possible Chinese attack. In 2022, the country allocated a record amount for defense, and about $8.7 b…

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