Logical fallacy, Nebulous. The goods can be produced in nations with proper labour-rights laws, people just don't want to pay for them, and even more so, people are gluttons and don't want less of the supply. Beyond that, the companies that do outsource to China - big motivation? Higher Upper-Management pay. We wouldn't go bankrupt at all, particularly with discretional items made domestically rather than China (I'm pretty sure people won't go bankrupt if they DON'T buy TVs because they are a little more expensive). You're de facto blaming the responsible people for instituting fair labour rights for the problem, when China is the nation that has the problem with the labour rights deficiency.
The cited poster that the OP issues makes some mistakes as well - the J-20 is nowhere near similar to the F-35 Lightning II JSF, which hasn't even completed production yet, and thus can't really be sold yet (there's pending offers and inquiries and actual aircraft in existence, but deployability won't be until later).
China has business relations with the above nation that the cited poster makes, but China isn't really allies with such nations, with the exception of North Korea. If Iran got tangled up in a conflict with another nation, especially if it were Israel and/or the United States, China wouldn't intervene nor probably even send less confrontational support. If, however, there was a conflict that took place in the Koreas, China would likely step in again.
China, in the post-Cold War years, has taken the place where the Soviet Union once was, and if something goes bad in Southeast Asia, they will be the catalyst for World War Three, and I think the ideological battle that exists, and if there is no internal revolution, is conductive and full-speed ahead in that direction. Unfortunately, business establishments have undermined a future way to keep a strategic and competitive advantage, because they've basically engaged in appeasement to China, much in the way that European powers acquiesced to Hitler/Nazi Germany prior to World War II, all in order for a few extra bucks in their wallet.
You can see the future threat China holds, and the face of the effect in the media and in politics. Iran, Sudan, Burma/Myanmar, and others have a bunch of similar human rights violations, but they are simply either not as profitable, or like in the case of Iraq, which draws similarities to China, really, pre-invasion - the U.S. could simply take out the competition and what wasn't liked. China, on the other hand is both profitable, and formidable, China has nuclear weapons and the U.S. has gone toe-to-toe by proxy, with China (the U.S. gave up their advantage by not taking advantage of the MacArthur strategy...), and it wasn't a positive experience. Therefore, despite China's just-as-bad civil rights issues, business is still done with them, because there is money to be had, and it's become almost a little to late to play hardball - so they are dictating the terms.
The wild card if a conflict were to develop, would be Russia - if NATO can get over it's anti-Russian sentiment, and the Russians stop the backward slide, Russia would be a HUGE boon into getting China to take a look in the mirror, and reconsider its ways. However right now Russian policy largely encourages the situation that is in place.
