I still think that their best chance of success is a quick strike at Taiwan that coincides with a lot of threats to cause casualties to American and Japanese forces. Unless properly framed, the Democrats, mainstream media, and most people have no stomach for fighting China. They could win by forfeit on our part.
That is where the economic warfare they are practicing comes in. All they need do is implode our economy by withdrawing all the Treasuries invested monies they skimmed off the top of the outsourcing. Currently at $660 billion. The U.S. will then be forced to collapse its military weapons procurement spending even more than GWB has been doing. The Seawolf was already terminated at three ships by Cheney in '02, and the Virginia class could follow it next.
Which is why the Taiwanese will be smart to develop nuclear weapons and missile technology. In concert with the Israeli's they can do great things...