Taiwan’s new President Lai Ching-te has called on Beijing to cease its political and military intimidation against his democratic island country. “Peace is the only option,” Lai told the crowd attending his inauguration ceremony in Taiwan. Lai also called on China to share with Taiwan the global responsibility of maintaining peace and stability in the Taiwan Strait as well as the greater region, and “ensure the world is free from the fear of war.” “The future of cross-strait relations will have a decisive impact on the world,” Lai said. Lai urged China to face the reality of the existence of T…