Plus, a significant minority of Taiwanese are actually favorable to China (around 10% of the population). China doesn't want to loot Taiwan. They want control of the island. I still agree with you that it probably wouldn't go well for part of the population as illustrated by the current situation in Hong Kong.
You can read this article from the New Yorker for an actually raisonable coverage of the situation (something which is sorely laking in the US media establishment): https://www.newyorker.com/magazine/2022/11/21/a-dangerous-ga...