I'm having now such a G-R-E-A-T game with this mod, that i simply must share it with you all.
I play NatChi on normal/normal (without techteam or IC overtake) from 1936. In 1937 war with Japanese started, i managed to hold them on borders of shanxi, and defended mainland against their naval invasions. After some buildup, in summer 1939 i started brutal offensive from the ex-Shanxi territory, and in february 1940 Fading sun event occured.
In europe everything gone as normal, Vichy appeared in june 1940, giving Indochina to Japan (how sad, it has "china" in name, and they gave it to Japan insted of me :rofl: ). Time came for Pearl Harbor, but after lost war Japan didn't have the guts to do it, so USA stayed out of war.
After two years of peace for chinesse people, Japan suddenlly attacked me again in 1942, but after 3 months they have lost their recently gained Indochina, lost their Manchuria invasion force (about 20 divisions landed, in first weeks gained like 10 provinces in manchuria, but were destroyed afterwards), and some capital ships due to air bombing. Then Japan AI started to give me "white peace" offers each month. I smashed 36 lesser ships by portstriking Okinawas port, and it was obvious that Japanese are unable to hurt me in any way, but i was angry that they attack me anytime they want, so I don't want the white peace. Instead I used accept all and simulated something like another "Fading sun", demanding Indochina and Okinawa for me. Then I disbanded most of my troops and focused on building industry, airports and infras in China (I intended to roleplay a bit, so I wanted to have some years of peace, before DOWing Japan, Sov or allies).
Meanwhile in Medditerean theatre, Italians slowly lost to Brits. In spring 1943 Brits, already controlling all the africa, landed on Sicily, and in summer 1943, Italy was splitter into british and naci halfs. "Gothic Line" occured, and the front frozed on Bologna-LaSpezia line for years. Because US was still outside the war, no "Operation Torch" occured, and Vichy still existed.
After another 2 years of peace, in march 1945 my NatChi declared war on allies. My 8-stack of tacs+escs was quickly smashed by allied interceptors, only 5 squadrons with 200 strength together survived (so i have virtualy no airforce now), but my 120 land divisions accomplished majority of their goals. Before end of the year, India, Persia, Saudi Arabia, Yemen, Syria and Lebanon was in my hands. Only advance to capture Singapore encoutered strong resistance, and i was unable to take it so far.
And what happend on the most important front of the WW2? Germany started sucessful Barbarossa in 1941, advancing each year farther and farther into Russia. In 1943 Leningrad was cut off, in 1943 cut off of Moscow followed (moving russian capital to Omsk), German troops achieve outskirst of Stalingrad. In january 1944 Leningrad falled, in spring Germany formed puppet Ukraine, and in march 1945 Moscow was taken by Germans. In september 1945 Germans even captured Sverdlovsk and holded it about a month, but Bitter Peace didn't occured, because invincible city of Stalingrad, almost surrounded by axis forces, holded german's out of kaukaz for more than to years.

Obviously Barbarossa was almosted finished, and axis were almost victorius, if something else did not happened meanwhile...
In 1944 Brits started massive invasion into Greece, and after a bit unsure beggining, they bring strong forces to the Balkans. They captured Greece, Bulgaria and Hungary, and distracted so many german forces from south russian front, that the russians got on krym from kaukaz, almost annexed Ukraine, and succesfully turned romania into commintern.
Now it is december 1946, and the situation in Europe is probably the most wonderfull AI vs AI situation I have ever seen in HOI. Brits captured Slovakia, and invaded north italy from austria, encircling Benito's forces to last 2 provinces. Russian liberated Sverdlovsk, and released german pressure on Stalingrad. They still hold Krym, but Ukraine is now stabilized by axis reinforcements. And the US still live in peace...
Germany have 400 divisions, and that seems to be enought in most games, but now they have to hold continuous front from Switzerland to Sverdlovsk. Uff, what a game! Now i'm very sad that im not playing this as an AAR, it could have been a wonderfull AAR...