It's a Faustian bargain; as long as China sees us as an indispensible customer they will huff and puff and bluster but nothing more. Nothing would kill their golden egg quicker than nuking the USA, Taiwan or no Taiwan. But in the process we prop up a system that sends a schmoe to the pokey for 10 years because he told the world something obvious.
I think you have given us an accurate description of the present conundrum we face as regards the PRC.