China is more apt to be the "Arsenal of Democracy" with us playing the part of Britain, and ? (Mexico, Canada, Nigeria, whoever) playing the Axis.
Except China will be supplying whoever is playing the Axis, too...
The chinese are trying to play people off one another, and in the process, gaining wealth and technology from the people being played. That scam will only get them so far. Get in bed with communists, expect to get screwed.