[jimwatx]

We no doubt have many of our own spy satellites hovering high over China, so perhaps our military leaders are concerned that us taking down their spy balloon means that they can now justify taking down our satellites.

[GingisK]

We no doubt have many of our own spy satellites hovering high over China

No, spy satellites do not hover. Geosynchronous orbits are too high to obtain useful photographs. Spy satellites are low orbit fast-movers, usually in a polar orbit.