Key Point: America has some decisions to make.
Various sources from within the People's Republic of China have allegedly suggested that time is running out for Taiwan's democracy. In their narrative, China's iron-fisted leader, Xi Jinping, is "losing patience" and could order the invasion of Taiwan in the early 2020s. The world's most dangerous flashpoint might witness an overwhelming amphibious blitz, perhaps before July 2021 to mark the 100th anniversary of the founding of the Chinese Communist Party (CCP).
That's the narrative. The reality is that China will probably not attack Taiwan in such a radical and high-risk fashion. Xi and his top lieutenants are far more likely to draw-out and escalate the war of nerves across the Taiwan Strait. They will continue using disinformation and other techniques to drain Washington's confidence that Taiwan can be defended, while ramping up subversive activities to undermine the island nation's confidence and willpower.
Xi will bide his time and hope the Taiwanese government cracks under mounting pressure, allowing him to conquer his target cheaply. At the same time, his military generals will continue planning and preparing to deliver on their "sacred" mission. Coercion could easily fail, making invasion a tempting option―especially in a future scenario where the balance of power looks more favorable to Beijing than it does today.
Assessing the Threat:
The ever-tense political and security environment across the Taiwan Strait necessitates an accurate depiction of PLA capabilities, strengths, and shortfalls.
The PLA's strengths are more apparent than its weaknesses. China's military muscle is frequently highlighted and hyped up by the media, both in Beijing and abroad. Undoubtedly, China's ballistic missiles, cyber warfare capabilities, and counter-space weapons make it a force to be reckoned with. Perhaps even more dangerous are its espionage and covert actions abroad to shape foreign policymaking.