China wouldn't invade Europe but they will eventually try and take Taiwan and other territory in the South China Sea and if that happens they will likely end up in a war with the US. I have my doubts Europe would sit out China trying to gain dominance over the Pacific region.
China controlling an area that 25% of global trade goes thru is definitely something that would hurt everyone, including Europe. Almost 80% of China's land is uninhabitable and unable to be farmed and they have a population of 1.5 billion people. They will eventually make moves to expand.
I personally feel China taking Taiwan is inevitable, they aren't building massive amounts of military gear specifically for that purpose for no reason at all. If they do that they won't stop there alone, they will push into other disputed areas. That would get many Pacific nations involved.
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It will hurt usa far more than it would hurt us
Best you can do is send equipment to Taiwan and we can't even supply Ukraine
And even then, i doubt we can do much damage
It's either USA does this or noone will