China-Taiwan tensions reach new heights as Beijing conducts largest military drills, responding to massive $11 billion U.S. arms package for Taipei.

Beijing banned two Taiwanese ministers from entering China for alleged separatist activities related to Taiwan independence on Wednesday, prompting an angry response from Taipei, which said it would not bow to "threats and intimidation.

China’s military mobilized army, navy, air and rocket units around Taiwan for two days of military drills aimed at sending a “serious warning” against any push for Taiwanese independence and “external” forces interfering with the island.

The second day of the large-scale war games, called “Justice Mission 2025,” saw the Chinese military encircle Taiwan on Tuesday.

New Polymarket wallet Caspersmc has bet $37,000 that China will invade Taiwan by 2026. ・However, another trader, comon119, owns three times as much as Caspersmc. ・U.S. deterrence and Beijing's lack of any clear messaging kept market odds at 13% despite concerns.

As Taiwan blasts China's "highly provocative and reckless" blockade rehearsal, Trump touts his relationship with Xi Jinping and says an invasion is unlikely.

The report details the “massive” economic, military, social and international costs to China in the event of a minor conflict or major war with Taiwan, estimating that the Chinese People’s Liberation Army (PLA) could sustain losses of more than half of its active-duty ground forces, including 100,000 troops.

The seizing of Venezuelan President Nicolas Maduro removes one of China’s staunchest partners in Latin America, raising questions over its political and economic influence in the region.

Chinese war games​ around Taiwan "unnecessarily" spiked tensions in the region, the U.S. State Department said, calling on Beijing to "cease its military pressure."

China's People's Liberation Army is staging a second day of large-scale military drills around Taiwan. It's unleashing live-fire exercises as part of what it calls "Justice Mission 2025."

The report evaluates the likely military, strategic and international fallout for China under scenarios ranging from a 'major war' to a 'minor conflict' with Taiwan, Focus Taiwan said.