Israel can't even sustain a hot war with Iran, with US backing, despite assassinating dozens of Iranian top brass. China represents 10-20 Irans.
China (and Turkey, Arab states) is more or less content to sit and watch USA destroy itself domestically and internationally over the failed Zionist project. "Do nothing, win."
One could make the argument that it's happening right now. Russia+North Korea, Iran, Hamas, they are all intertwined. And then on the other side you could say Ukraine, US, Israel.
Thought experiment: if the Israel/Gaza conflict didn't pop off, would the US presidency be the same right now? How did that change affect the Russia/Ukraine conflict? Etc.