Traders assign a 91% probability against a Chinese invasion of Taiwan by June 30, 2027, reflecting the continued absence of large-scale PLA amphibious mobilization, sealift expansion, or sustained surge activity required for such an operation. Beijing has instead sustained gray-zone pressure through July 2026 live-fire drills in the Taiwan Strait and routine coast guard patrols near outlying islands, while U.S. assessments highlight Chinese leadership preference for economic, diplomatic, and coercive measures amid high operational risks. Taiwan’s ongoing Han Kuang exercises emphasize defensive resilience, reservist mobilization, and supply continuity without triggering escalation. Recent PLA tactical drills incorporating unmanned systems show incremental capability development rather than imminent campaign preparations, reinforcing the market’s assessment of low near-term invasion likelihood.
Governor
Will Ismael Burgueño Ruiz win the 2027 Baja California Governor Election?
41%
+144
▲ 33.0 pp
+144
▲ 33.0 pp