The report said Ministry of National Defense new missile command has
deployed the Hsiung Feng missiles, capable of hitting major military
targets in southeast China.
The missiles were developed by Chungshan Institute of Science and
Technology, and the institute is said to be in development of cruise
missiles with a range of 2,000 kilometers.
Read more details in
http://www.forbes.com/business/feeds/afx/2005/08/12/afx2178657.html
Read the report on Taipei Times that the defense ministry spokesman
rejected the report and called it "sheer fabrication" in
http://www.taipeitimes.com/News/taiwan/archives/2005/08/13/2003267544
Read the China Times article on which the related reports were based
upon in
http://news.chinatimes.com/Chinatimes/newslist/newslist-content/0,3546,110501+112005081200004,00.html