A few things from comments above.
In the event of a Taiwan conflict, China will need to be quite confident that it can take Taiwan quickly. As such, it needs to continue to:
- train joint force operations that gets larger and larger.
- normalize such operations so that neither Taiwan nor US know when they will attack
- demoralize Taiwan military so that they will want to not continue fighting. Make a Chinese takeover feel inevitable.
- do this without expanding much of its ballistic missiles, J-20s and B-20. Keep in mind of aircraft and pilot fatigue factors. Too many sorties to subdue Taiwan
- plug in certain areas needed for a quick and successful amphibious landings. That means more UCAVs, attack helicopter, transport helicopters, large amphibious ships.
We need to see a lot more of this
Aside from that, it needs sufficient deterrent of a US retaliation. That means it needs H-20 that can take out military bases like Okinawa, Guam, Japan and surrounding area. Keep in mind that no country's population wants a prolonged war. The top thing to do is to make US intervention as undesirable to the American public as possible. The quicker and more painless (fewer civilian casualty/destruction) a Taiwan invasion is, the less appetite there will be in US military and US public for an intervention. The longer and more civilian casualties on TV, the more likely US will intervene. You do not need to conquer the entire island for Taiwan to give up. Take over the primary government/media buildings in Taipei (and maybe Taichung and Kaohsiung), Taiwan will give up. I've spent some time in Taiwan. People have a very comfortable life style. They are not looking for a permanent destruction of that.
In order to take Taiwan quickly, you will not only need more weapons for amphibious landings. You will also need options to attack Taipei from the mountainous side. That's where all the transport helicopters and Lynx ATV comes in. Basically, the largest PLA investment in the recent years have been the attack and transport helicopters. Being able to enter Taipei from mountainous regions in the north and in the East is very important. I was struck listening to Shilao's podcast on how much PLA emphasized those Lynx ATVs. Besides Tibet and southwest China, Taiwan is the most likely reason that PLA really favors them.
Sending Chinese carrier groups to Japan or Hawaii are possibly the worst ideas. That will make US public feel like they are under attack and need to participate. More importantly, Chinese carrier groups will be sitting ducks without land based air protection or diesel submarine/underwater hydrophone protection from very very quiet American nuclear submarines.
Do not think of just military conflict here. Nobody wants the supply chain disruptions, the economic warfare, the financial market attacks and cyber warfare that would be just as unpleasant. Those are the kind of things you would want threaten US and Japanese officials with. Basically, most Americans don't care about Taiwan. They also don't want to see ugly photos of Chinese bombers killing a bunch of Taiwanese civilians. They also want their supply chain to be restored as soon as possible. You want to limit this as much as possible. The more detached that American public feels from PLA invasion, the less they are inclined to support an intervention.
Also, you cannot keep Japanese/US bases offline with ballistic missiles or cruise missiles. There is not enough of them. They can't do enough damage that the repair crew won't be able to fix up. PLAAF will have to rely on H-20 to keep those bases offline.