Recent US-China diplomatic engagement, including the extension of a minerals trade truce and multiple high-level summits, has reinforced mutual incentives for restraint amid deep economic interdependence. Internal PLA leadership purges have disrupted command structures, reducing readiness for large-scale operations such as a Taiwan blockade or amphibious assault within the narrow 2027 window referenced in US planning assessments. Both sides have prioritized grey-zone coercion and signaling over kinetic escalation, with US carrier deployments redirected to other theaters without prompting a military surge from Beijing. Traders' 97.5% consensus on no clash reflects these structural deterrents and the absence of imminent triggers. Realistic shifts could still arise from a major South China Sea incident, Taiwan Strait miscalculation, or abrupt policy reversal following US midterm outcomes.