Correct. Also they still can’t do so.
Amphibious landings are hard. Amphibious landings without complete air and naval superiority are impossible. China is at least a decade away from being able to do so.
They needn’t do landings. Instead first fire a salvo of short range missiles to destroy the semiconductor fabs and the other critical manufacturing facilities and infrastructure such as power plants, petrochemical plants, etc. Then implement a blockade of Taiwan that interdicts all commercial shipping and air transport with Taiwan.
Taiwan is the size of half of Indiana, and it is between 125 and 200 miles off China’s shore. Shore-based anti-ship and antiaircraft missile systems can blockade the island without invasion. Commercial shipping and air transport would not be able to get insurance, and would stop.