It's very concerning indeed and underestimated IMO. If a war starts between the 2 countries many markets will fall and inflation will go high
Many people are underestimating the conflict between these two countries because they do not understand either of them.
You are right, if conflict breaks out, things will be as bad as the war between Russia and Ukraine. First, both countries possess nuclear weapons and if a nuclear war broke out on a small scale, the consequences would be catastrophic. Although neither country is a major oil producer, they are major transportation hubs as well as large consumer markets. That would also destabilize energy prices and the world economy would certainly suffer.
Or India is manufacturing center for technology and pharmaceutical products that is no less than China. If India were to get involved in a conflict, the supply and demand of these commodities would also be unbalanced…and much more. It can be said that if war breaks out, it will affect many things and many problems will arise, not as simple as many people think.