Certainly including them. China has benefited greatly from their trading relationship with the rest of the world and continues to do so, and unlike Russia their foreign policy is much more pragmatic than personal.

The only way they make a play for Taiwan is if they are convinced they can do it without the US becoming materially involved. This would most likely mean winning so quickly that the fighting is already over by the time the US can seriously mobilize, but even that would likely turn into a larger conflict.

China has to maintain the idea that any day now they’ll retake Taiwan, for a number of reasons. Mostly because it’s a necessary pillar of their internal politics. But in practice the real value they obtain from it would be seriously diminished by the astonishing costs. The biggest practical benefit would be ability to completely control the world’s supply of semiconductors (sure was a genius idea to let everyone outsource that to TSMC), but that value will diminish if the US and other countries continue to invest in domestic chop production (add that to the list of actually good things Biden did by the way).

China has been escalating its practice of economic imperialism for year now. They have been fortifying the waters around the islands they claim, but aren’t under their control. They have been running into more and more economic issues, and are not recovering from them as well as they had been. Given this, I do not for a second believe China will never get into the expansion game.