I see this action by the Chinese as well-deserved comeuppance (schadenfreude) for the investors who ran headlong over the past 2-3 decades to do business with the Chinese, ignoring the brutality of that regime, and selling out Americans in the process.
I agree with you. But there’s something off in giving kudos to a thieving, corrupt regime.
After all, I don’t give kudos to Bernard Madoff for the fools who entrusted their money for him to manage.