TAIPEI/BEIJING—Taiwan is keeping watch on a Chinese aircraft carrier but does not expect a large escalation in tensions, the government said on Thursday, after China denounced a meeting between Taiwan President Tsai Ing-wen and U.S. House Speaker Kevin McCarthy. McCarthy—the third highest ranking official in the U.S. leadership hierarchy—and other Republican and Democratic lawmakers met…

FUZHOU, China/TAIPEI—China began three days of military exercises around Taiwan on Saturday to express anger at Taiwan President Tsai Ing-wen’s meeting with the speaker of the U.S. House of Representatives, as the island’s defense ministry said it would respond calmly. The drills, announced the day after Tsai returned from the United States, had been widely…