https://gjia.georgetown.edu/2022/04/14/the-logic-behind-chin...
They're created the BRICS back in 2009 and have been expanding.
https://en.wikipedia.org/wiki/BRICS
In reality, if the west views Russia as a threat, then inevitably conflict will arise. The western sanctions locked Russia out of the financial system, which Russia and China had been preparing for. So Russia switched to the Chinese financial system. At this point, Russia has tons of resources and is feeding the Chinese production. China in 2019 was producing 30% of the worlds goods[1].
With Russia locked out of the west and China looking to advance into Taiwan, I don't really see a way that long-term China doesn't cease to produce goods for the west. When they move on Taiwan, the west will sanction them and the west will be unable to produce a large number of goods. Alternatively, Taiwan will fall and be taken without a fight and the west will be subjugated by China.
[1] https://www.statista.com/chart/20858/top-10-countries-by-sha...