Originally posted by the Voice of America. Voice of America content is produced by the Voice of America, a United States federal government-sponsored entity, and is in the public domain. Meet the New Military-Industrial Complex in Taiwan Ralph Jennings TAIPEI - Taiwan set out nearly 50 years ago to grow its own defense industry because the island's leaders never know how many arms they can get from abroad. Taiwan seeks a strong defense to deter China, an old military adversary with the world's third strongest armed forces. That industry is growing steadily now in line with goals established by the ruling party in 2014 and contributing to an economy long dependent on tech but facing pressure to diversify. "Over the past few years President Tsai Ing-wen has been promoting a self-defense industry policy and that's a good thing," said Michael Tsai, chairman of the Institute for Taiwan Defense and Strategic Studies in Taiwan. 2020 goal The party's defense committee suggested in 2014 that to "revitalize" Taiwan's defense industry expenditures to domestic weapons production should reach at least 60% of military investments by 2020. The party said a year later its defense industry policy would eventually generate revenue of at least $8.17 billion and create 8,000 new jobs. Party representatives reached Monday were unable to say whether these goals were on track, and for security reasons the Ministry of National Defense does not disclose current or past revenues from the self-defense sector. But a ministry spokesman pointed Monday to recent breakthroughs, such as a fighter jet trainer prototype unveiled last month and groundbreaking in May for Taiwan's first homegrown submarine. The $2.2 billion jet project has created 1,200 jobs, officials said last month. The submarine, to be built by CSBC Corp. in Taiwan for a target operation date in 2025, is expected to cost $15.9 billion. .