Xi knows a full invasion would wreck China's economy, trigger global sanctions, and risk military humiliation. Coercion and intimidation? Sure. Actual amphibious invasion? Too costly.
No. The economic, military, and diplomatic costs are too massive, and Beijing can keep squeezing Taiwan without risking a catastrophic war.
There is zero chance they invade. The massive economic fallout would instantly tank their own economy, so they will stick to playing the long game instead.
China talks tough but won't risk total economic collapse and US retaliation by invading Taiwan. Gray-zone pressure works better for them.