From Reuters via the New York Times:
Taiwan staged its biggest live-fire army drills in about 20 years on Thursday, showcasing latest weaponry designed to combat a potential Chinese attack as Beijing builds its military might.
More than 13,000 soldiers took part in the exercise, which saw U.S.-made F-16 fighter jets screaming across the sky and tanks firing from a beach at targets floating on the sea.
Paratroopers posing as Chinese communist soldiers floated to the ground, simulating an airborne assault against key installations on the island. [Full Text]
Also see commentary “Chinese invasion highly unlikely” by Paul Lin, Xinhua’s “Military ties deepened as Guo visits US.” For fun, see YouTube’s video of 1996 military exercise by PLA on the Taiwan Strait