Taipei, Dec. 31 -- Taiwan's President Lai Ching-te warned today that the Chinese drills targeting the island "are not an isolated incident" and pose "significant risks" to regional security, terming them a blatant violation of its territorial sovereignty.

"China's authoritarian expansion and escalating coercion pose significant risks to regional stability and also impact global shipping, trade and peace," he said at a ceremony for military officers in Taipei, reports Strait Times.

China had earlier today "successfully completed" military drills around the island nation, which included live-fire exercises aimed at simulating a blockade of key ports and assaults on maritime targets, its military said on Dec 31.

As part of its war-games, Be...