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Russia has been steadily and slowly gaining territory over the last year.
The current attempt is Trump. It's doubtful the Russian economy will collapse any time soon. They still have some slack and the Russian population could suffer far more. Their strategy after the first couple of months was to outlast Ukraine and its supporters. The moaning about costs in the countries supporting Ukraine is only growing. Russia has a firm lid on all opposition.
China
the Russia has been steadily and slowly gaining territory over the last year with a speed of 0.7 % of Ukraine's territory per year. Which is not strategically relevant. Strategically seen, the Russia has not advanced.
I don't really see China starting to actively cover the Russian budget. That would jeopardize China's trade with Europe.
The Russia's strategy has been to outlast Ukraine's supporters will to support Ukraine. That will never happen, unless the voices making the fake claims about time being on the Russia's side are given too much space. Helping Ukraine is so much cheaper than the costs that incur if the Russia takes over Ukraine that there is no logical reason for the EU to end Ukraine's support ever. Even if some countries were to withdraw their support, enough will retain it to keep Ukraine's head over water.
The Russian economy will collapse, sooner or later.
I agree, but think it's later. Russia needs to lose on the battlefield as well before they stop the war.
If it's a year later, then it is. The Russia won't be able to recruit soldiers after its economy collapses. They are in for salary and death compensation that is defined in Rubles. Once the Ruble compensation loses its value, relatives get less motivated for letting their sons go to the front. And when the 2000$ salary becones a 100 $ salary, nobody goes to war for that money.
Without soldiers the front cannot be kept.