During a regular press briefing on Tuesday, Foreign Ministry spokesman Wang Wenbin said China conducts “normal military exercises” in waters surrounding its territory.
The PLA has been conducting a number of live-fire exercises this month in the wake of United States House Speaker Nancy Pelosi's visit to Taiwan.
Analysts stressed that it is the long-term impacts of geopolitical conflicts that should be the focus of both businesses and policymakers in Asia.
One thing is clear: the world doesn't need, or cannot afford, another Ukraine-like situation.
China views any visit by foreign officials as them recognising Taiwan's sovereignty and usually responds with heated rebukes and warnings.
The People's Liberation Army (PLA) said its missiles "all precisely hit their targets", even as Japan said five of them had landed in its exclusive economic zone.
But in all China's retaliation, it appears so far that only Taiwan has been targeted.
Measures include staging military drills near Taiwan and punishing organizations related to die-hard "Taiwan independence" elements.
Taiwan President Tsai Ing-wen said that the island will not back down in the face of heightened military threats.
Those who play with fire will not end up well, and those who violate China's sovereignty will certainly be penalized, he added.