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Notes -
The land based trade that China is interested in (Gwadar fantasies aside) is alternative routes for importing fossil fuels and natural resources via its northern and northwestern borders. Decidedly worse economically than sea-based trade, that's still far more practical than the Hindu Kush route. And in a Taiwan contingency, the costs don't matter too much: it's already decided to nuke its economy. It's more than willing to take on otherwise uneconomic projects if those can secure resources from a Russian vassal state to help wage its war, and that's entirely rational (taking the rationality of a Taiwan invasion as given).
Its goal isn't to create some permanent Eurasian land-based trading bloc but to provide energy security in the case of war. Post-conflict, it would return to sea-based trade, with the hope/expectation that it would be able to dictate the terms of what sea-based trade in the western Pacific looks like.
China has to be pretty happy about what the war is doing to Russia. Before, there was some chance (admittedly less than likely) that Russia could be drawn into some kind of sanctions regime. But now it's certain where Russia's chips will land, because it really won't have a choice.
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