Earlier quoted context omitted.
Plausible. One thing that makes China today different to the US of WW2 is that China's export oriented economy would collapse in a war with the West and their industrial production capabilities would be hurt significantly along with that.
Doubtful. The CCP runs a command economy. It doesn't need to sell its goods to finance a war when the state can simply force the economy to produce the means of war. Want to stop China from waging war? Knock out its means of production -- target its imports.
China can't feed itself.
China only produces a third of the oil it consumes.
If your people begin to starve as soon as war starts and you all of a sudden have 1/3rd the oil you used to.... well, that's not exactly a recipe for success.