China is simply not ready not only for a "hot" war, but also for a "cold" war. There are gaping holes in the technological chain, which China itself cannot close. They are making efforts, and not small ones at that. But they cannot.
And China acts in the paradigm that a break with the U.S. coalition is a very likely scenario, but will postpone it until the last opportunity.
Well, in China, too, there is not a weak party of those who believe that for the sake of their personal affairs and interests you can surrender any interests of the state. They are, of course, against any confrontation.
Plus the understanding that at the moment, no matter what anyone wants, the dollar is money, and the yuan is not. The U.S. has the ability to hit China's economy hard and almost unanswered.
All of these issues are being addressed at the state level in China, but so far they are far from being resolved.