Taking the macro view, this is an official admission that the CCP is not ready to use force (yet). US intelligence estimates that any potential military action

Taking the macro view, this is an official admission that the CCP is not ready to use force (yet). US intelligence estimates that any potential military action by China is two years away at best due to ongoing internal difficulties. An armed conflict would hurt China more than it hurts anyone else. This is important because it gives the West more time to further secure supply channels, and avoids one more distraction from the Ukraine theater.