Taiwan has condemned China’s planned military parade in Beijing on September 3, marking the 80th anniversary of Japan’s World War II surrender. Taiwanese officials estimate the event will cost over 36bn Yuan ($5bn), roughly 2 percent of China’s annual defense budget, calling it excessive amid domestic economic challenges, Reuters reported.

The parade also stirs historical disputes. China credits the Communist Party with resisting Japan, while Taiwan emphasizes the Republic of China’s role. Beijing has labeled Taiwan’s denial as “blasphemy,” intensifying tensions.

Set to showcase advanced weaponry under President Xi Jinping, the parade highlights China’s growing military power and underscores ongoing friction with Taipei over history and national identity, according to Reuters.