HK (and Macau) was only because China wanted to trial the potential of an internal market capitalism. Also it was a posture to show the world (read:Russia regarding outer manchuria) how foreign occupied territory can be returned bloodlessly and while maintaining equality for the past residents.There is a fundamental lack of trust to allow such a deal to materialise as neither side would be willing to allow the other side to get what they want first and hope they keep their world after.
Also, from a grand strategy POV, such a trade will actually serve America far more than China in the medium to long run.
Once China has peacefully reunified with Taiwan, its principle justification for its military modernisation would be gone. Cue all the CIA funded Hanjians and useful idiots jumping out of the woodworks demanding China cut defence spending to fund LGBT gender studies and other useless western aping programmes as well as increasing demands for political reform.
At the same time America would be able to get concessions where Taiwan’s internal political and social positions are left largely intact similar to Hong Kong and limit mainland law enforcement powers.
The CIA would have a field day fermenting unrest and maybe even starting a terrorism movement and use the existing of that terrorism movement, and China’s counter terrorism efforts as justification for economic sanctions and increased military spending.
To be frank, after the lessons from HK, Beijing would have to be stupid to accept another such poison chalice from the Anglos.
Taiwan’s society is massively compromised by anti-Chinese elements and forces and needs to be thoroughly purged post reunification. Better to do that under the cover of war than with the CIA holding magnifying glasses to make every Chinese traitor a hero and martyr of the west.
In contrast Taiwan is not a foreign occupied territory so in the first place there is nothing to negotiate about. US only has its territorial "claim" which is built on solely military threats and the deployment of internationally non-recognized "little green men" into Taiwan. US can only drop it's claims, not demand anything from a territory it has never succesfully occupied.
Giving up on claims US can't win in Taiwan will benefit US in that they're not tying their national fate to an invasion that would be harder for them to win than Barbarossa was for Germany. It is the logical move to establish more realistic goals and fight for those instead, if they are to keep fighting over hegemony with China. But logic and rationality is not at the forefront of the current US regime.
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