Many conservatives were supportive of Bush's "go-it-alone" approach to foreign policy. Unfortunately, it looks like the result was that we traded partners like France, Germany, and the UN for China. I wonder if that was part of the plan.
Granted, part of the reason they are a partner is they have the leverage we need in dealing with countries like North Korea, Iran, and Myanmar; leverage that we wouldn't have going through the UN. Still, this (along with the Iraq War) shows the limits of "Cowboy diplomacy".
I would say that it is comforting to see China being so active, but in the end, they are doing it because it is in their interest.
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