The Chinese, a permanent member of the UN Security Council by the way, have expressed some very uncharactoristic misgivings about Iran's nuclear ambitions.
Chinese willingness to put up with Iran's bull , especially given their own distrust/problems with muslim uprisings, goes only so far as Iran can supply them oil/gas. Threaten that, and China's interests very instantly align with that of the US, and the rest of the developed world.
Such a move would be considered tantamount to a declaration of war, and would entail a very sharp, to put it mildly, response.
Given that Iran's government absolutely depends on its ability to buy off its poorest through giveaways financed by oil revenues, such a shutdown would cut their own throats, even aside from the firestorm it would create.

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