So I’ve always felt that China’s ambition extends only to Taiwan, and Taiwan is the endpoint. After all, the people on Taiwan are Chinese too, sharing the same culture and ethnicity. Another point that people might overlook is that China’s approach to incorporating outsiders is based on cultural identity rather than racial identity, which is the opposite of the U.S. In the U.S., you can come in, bring your own culture, help reshape American culture, and still become an American. In China, you can only be considered Chinese if you adopt Chinese culture.
Of course, sometimes we discuss online hypotheticals like whether it would be good for China to annex Mongolia or Myanmar. From a purely military perspective, it would be very easy for China. But almost no one supports it, because our way of thinking dictates that it would require an enormous cost to transform those populations into Chinese culture, and that cost is simply not worth it. Trade and cooperation are the best approach.