Right now, they don't even have the capability to get an invasion force across the Taiwan Strait. The most they could really do is trade bombs..
sure, but they are not gonna do it now, they will do it after the 2008 Beijing Olympics, in the meantime, look for rapid modernization and technologization of their armed forces.
They're sending their advanced invasion force over piecemeal. Haiti, Panama, Mexico. A little here, a little there, and before you know it - D DAY! And I wonder how much in bribes and DNC donations they paid to sneak truckloads of guns and ammunition over the border into Mexico while Clinton was in office.