As China launched a surprise live-fire military exercise in the Taiwan Strait from May 20 to 22, heightened risks to shipping routes vital to global trade could emerge.
The exercise, announced without prior warning, comes on the one-year anniversary of Taiwanese President Lai Ching-te’s administration and coincides with Taiwanese military drills in the island’s southeastern region — a convergence that raises concerns of miscalculation and escalation.
According to a recent intelligence brief…
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