In my opinion, the most likely scenario is that China will ramp up pressure with "gray zone" actions, (exercises of the coast, election interference, propaganda, cyber attacks, air defense zone and airspace incursions, overflights over straits islands), while at the same time pushing for negotiations for peaceful reunification.

Essentially salami slicing Taiwan sovereignty, in order to undermine their authority and erode their red lines without triggering a conflict, and attempting to demonstrate resistance as futile.