Chinese companies are already shying away because they don't want to be sanctioned themselves. China is not self-sufficient enough that it can actively thumb it

Chinese companies are already shying away because they don't want to be sanctioned themselves. China is not self-sufficient enough that it can actively thumb its nose at American sanctions. There are specific institutions in China for bypassing sanctions, but they are a small minority and must be kept separate to avoid cross-contamination. This minimizes their utility. Also, Chinese support of Russia has cooled after this embarassing fiasco. China is more interested in not getting Russian dirt on them atm, since they have a housing and building crisis to manage, as well as a half-finished cultural revolution and self-sufficiency push that makes them more vulnerable for the moment. Now is not a good time for this shit.