I suspect the Chinese doves consider this significant as well. Mind you, yours is a decent approach to avoiding a superpower conflict, and superpower conflicts should be avoided, but the question is whether their military or economic leaders will lead the Chinese. I see China as a remnant Agricultural Age autocratic military culture, struggling to avoid the nigh on irresistible drift into the Industrial Age. Flowing with the times would require their politicians yielding power to the People and the financial community. Politicians generally do not yield power without a struggle.
External threats focusing attention elsewhere seems to be a part of their strategy.
Geography is a problem. Such a war wouldn t be profitable. As neither side could begin to compete with the other s strengths in conventional war, someone might be tempted to ignore the conventions. Going over the Himalayas to India might be as difficult a logistics problem as crossing the straits to Taiwan. Economically, heading north into sparsely populated Russian territory makes more sense, but the Russians wouldn t stay conventional either.