US assessments indicate that Chinese leaders view the 2027 PLA readiness target as a capability milestone rather than an invasion deadline, with no current plan for military action against Taiwan in that timeframe. Recent US intelligence updates and reporting highlight delays from Xi Jinping’s military anti-corruption purges, which have removed senior commanders and slowed modernization. Beijing appears focused on Taiwan’s 2028 presidential election, hoping for a more favorable outcome, while continuing gray-zone pressure through exercises and patrols. Taiwan’s defense reports confirm the PLA still lacks sufficient amphibious, air, and logistics capacity for a full-scale landing. These factors align with trader consensus pricing a low probability of invasion by mid-2027.