Taiwan, the PRC, and the J-20
This Asia Times article gives some insight as to reaction in Taiwan to the recent debut of the PRC's stealth aircraft.
Ed Rasimus, from his long-time combat pilot's perspective, urges prudent skepticism.
The excellent naval blog Information Dissemination links to this transcript of a January 5, 2011 interview with US VADM David J. Dorsett, Deputy CNO for Information Dominance, on the J-20 and various other aspects of the PRC's growing military capabilities.
And don't miss this 100,000' overview from financial eminence grise Richard Russell.