My impression after spending month and half in Taiwan last year is that China wouldn't have to fire a single bullet to take over the country. The only thing that would stop China is a US president with the strength to put two aircraft carrier strike groups between the island and the mainland. [0] If China needed Taiwan strategically they can surround the island in two days and take it the next. I concluded China is only postering and it is the economic threat with its ASEAN trading partners and the EU that keeps it at bay. The ASML chip fab machines are designed to be remotely disabled so they are not getting chips. [1] There is nothing to be gained from attacking the island and that is the reason it hasn't happened.

[0] https://en.wikipedia.org/wiki/Third_Taiwan_Strait_Crisis#199...

[1] https://www.theregister.com/2024/05/21/asml_kill_switch/