i am looking at all these discussion on a2g minition cost, but i believe that will be of least concern to the pla strategist.
here is another angle: for the plaaf sorties to deliver cheap munitions safely, there will need to be fighter CAP missions securing air superiority, against US INDOPACOM. for each additional day that air superiority is needed, there could be few dozen more lost of fighter aircrafts, how about the cost of that?
imho, the best strategy is to employ all possible delivery methods and disable tw defense asap without considering too much on munition cost. and get those troops across the strait asap, achieve fait accompli, and that will also be the cheapest strategy.
Perhaps I should make it more clear.
If your weapons cost less, it means you can buy a lot more of them for the same budget.
Or spend the money elsewhere.
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Plus you need to consider the stages of any Taiwan scenario. Until recently, the Chinese Air Force and Missile Force couldn't obtain air superiority over Taiwan. But today, after few first days of hostilities, we can already expect the Chinese Air Force to have something close to air superiority for the vast majority of the time (the exception being when the USAF decides to mount a brief incursion by massing its forces to reach Taiwan)
So the next stage is to degrade the ability of Taiwan to resist an invasion, which requires a large number of Air-to-Ground weapons targeted all over Taiwan. With glide-bombs launched by fighter bomber aircraft, I see very little risk of the aircraft being shot down by SAMs. In any case, these aircraft/bombs force any Taiwanese SAMs and aircraft to engage and expose themselves.
As part of this, the general Taiwanese economy will be crippled, along with the mobilisation and sustainment of Taiwan's military reserves. Around Week 3, I see hunger starting to be an issue in Taiwan.
I see the earliest that China could mount an amphibious assault in force as being in 3 weeks, so there's at least 3 weeks of operations where guided glide-bombs can be launched by planes. And a prerequisite for any Taiwan invasion is for Chinese surveillance/attack drones to be flying constantly over Taiwan's airspace. Given that is the case, we can assume that low-cost bombs can be dropped with impunity over Taiwan. Note that I see low-cost surveillance/attack drones flying constantly over Taiwan. I don't expect larger manned fighter-bombers to spend much (if any) time over Taiwan.
The money saved by using short-range bombs (instead of expensive missiles) can be redirected to the next phase, which is the actual invasion and preventing any outside interference.
Plus if you want a fait-accompli, you do actually have to put enough forces ashore in Taiwan to make it obvious.
And the terms of a political settlement should to be generous eg. Taiwan can keep its armed forces, currency, etc etc
Ongoing, the Chinese military only really wants the 2 mountain airbases facing the Pacific and a single naval base in Taiwan.