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Lol, that's it? Taiwan is bigger in area than 9 US states and has 24 million people. It's taken China more than 19 warships and 49 planes to conquer uninhibited islands.
They didn't conquer anything yet, they're flexing.
Playing Devil's advocate there, but there are probably three reasons: it's expenaive, they want their best hand picked men and vessels to rattle the sabble without potential fuck ups, they need to toy the line between acting too small and too big so they are scary but no one thinks they are here for real and other countries should get involved.
Would you really expect them to show their full force in a preparatory exercise? Why would they do that?
To scare Taiwan into capitulating without firing a shot. "Speak softly and carry a big stick." China is not going to invade Taiwan. They literally can't risk damaging anything on the island. They need the people there to accept them willingly.
China is not as dumb as Russia. Their leaders are venal and power hungry, but not stupid. They know the thing that keeps them in power is economic growth. If they don't have that, they can't control their population. An invasion of Taiwan would put racheting sanctions on their economy, slowly strangling it.
Chinas economy is already dying due to a variety of factors. Winnie Pooh can either invade now or soon it will be never
I understand your point of view and I agree that an invasion of Taiwan doesn't make a lot of practical sense, but I think you should also keep in mind the brutality China has demonstrated in Hong Kong. I don't think the PRC is as concerned with consequences as they are with getting what they want, and with appearing to be in control. Continued Taiwanese independence makes them look weak.
Nothing triggers authoritarianism quite like defiance.