Both countries are very active in the world economy, so it definitely impacts the economy, no doubt. So it's taken a while for the economy to recover. It increases the inflation rate and suddenly increased the cost of living in every country. It may not collapse the world economy, but it will definitely make ordinary people's lives difficult all over the world.
Now another war is coming - and USA is going to support Taiwan - and will try to put sanction on China - like they tried to destroy Russia.
Now they all are in trouble and running here and there for oil and gas supply
Really? OMG this is bad. The previous war between Ukraine and Russia isn't done yet and now this one between Taiwan and China came? I think the negative effects that the world is feeling right now is going to get worsen but if this was about making Russia to suffer more, then I think some will like it as they also hate Russia for what they have done in Ukraine but still, it would be better if they think about the consequences first before they do such actions like if this can cause another problem or not.
If yes then better if they don't continue what they are planning as I think the tension between Russia and Ukraine can still lessen or end soon.