With existence of Y20 maybe Russia will be more motivated to sell and more importantly quickly deliver IL476, after all Y20 is still a good three to four years away from service, meanwhile the heavy lift needs will be made by purchasing second hand IL76s or new IL476s.
Well, PLA's MBT can't fit into a IL476.
Besides, what PLA like about old IL76 is it's cheap and proven, IL476 is neither.
Chinese government confirms the existence of the Y-20 program
But the fact remains that there is no alternatives before 2015.
No. The fact remains that China went for used IL-76 rather than IL-476.