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 […] The post South China Sea faces heighten risk as China and Taiwan aim to launch military drills appeared first on Container News .