From China Confidential (link):
The US contends that rising China is seeking to project power way beyond its region. Among other things, US analysts accuse China of augmenting its long-range nuclear missile arsenal; and there is evidence that the world’s most populous nation is planning to develop a deep, or blue, water navy to protect its global energy interests.
But Taiwan clearly remains the main focus of Chinese military activity. Beijing has nearly 800 missiles pointed at Taiwan and is adding approximately 100 a year. Already, China is capable of launching wave after wave of missile bombardments, striking all Taiwanese cities and military bases. China is also boosting its amphibious landing capabilities and acquiring weapons systems that are obviously designed to counter US intervention.
See also “US Report Raises Red Flags Over Chinese Military” by China Confidential (link)