What would happen to China if the white West does the same to China's FX?

{Touching on the decision by several Western powers to freeze Russia’s central bank assets, Putin claimed that this would only serve to irreparably undermine trust in those nations, and make other countries think twice before placing their reserves in the care of those countries. According to him, nearly half of Moscow’s assets were “simply stolen” by the West.}

https://www.rt.com/russia/552079-putin-west-domination-ends/?utm_source=browser&utm_medium=push_notifications&utm_campaign=push_notifications