308win is right. I'd go so far as to say that exporting what amounts to the bulk of our former domestic manufacturing capabilities, no matter the 'what' or 'where', is the single greatest example of short-sighted greed and stupidity in the long and sorry history of same.
To Liko81 I'd respond that the Red Dragon is patient, and means to have Taiwan back and become the dominant player in weltpolitick before the end of this century. You might want to consider just how many of our former military resources, and not only those once based in the Pacific, have been 'mothballed' or eliminated entirely and how much of what's left is already commited elsewhere (plus what exactly it'd take to move them) before you start calculating odds. Subic and most of our other P.I. assets are gone. Japan hasn't but a small fraction of what was there as recently as 15 years ago still in-country, and I very seriously doubt that we even still have "a half dozen" carrier groups that're currently both at fully operational strength and tasked within a 5-day response time of Taiwan.
To TheFly I'd say: "As far as we know" and add "yet". See above and extrapolate. Arrange to tie-up just a bit more of what logistical resources we have left elsewhere (and don't think that they aren't working on it on several levels) and even what they now have 'showing' effectively becomes enough to pull it off, given the 'right' timing. If you can't refuel those planes so they can make it there and back, they might as well not exist. And I'll bet long odds that they have 'hole cards' we haven't a clue about as yet.
China learned a lot about our particular vulnerabilities and how to exploit them from Korea and Vietnam. Apparently, we didnt. They've been working systematically and incrementally over the past 50 years toward their ultimate goal, patiently doing whatever they deemed necessary to eliminate their weaknesses and undermine our strengths.
The most insane part of the whole debacle is that we in the West seem to be falling all over ourselves to not only give them the means to make the rope that they intend to hang us with, but show them how to tie better knots, too.