Taiwan extends mandatory military service period to counter China threat | Forexlive

CNN had the info ICYMI, an announcement from Taiwan’s President Tsai

• Taiwan will extend the period of mandatory military service for all eligible men from four months to a year
• the new conscription period will be implemented at the start of 2024
• will apply to men born after 2005

Taiwan’s Defense Ministry:

• all conscripts under the new system will be required to undergo eight weeks of basic military training
• and then 44 weeks of ground training
• monthly salary of conscripts will also be raised from about $195 to more than $650 per month

The move is in response to China’s increase in aggression towards Taiwan. It’s a big about-face for Taiwan, the country shortened the mandatory conscription period from a year to 4 months back in 2018.

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From earlier this year, its not just a Chines invasion that would spark chaos in global markets: