The Chinese have bought a lot of SF. Most of this was capital flight funds (anything to get assets out from under the Chinese government). But I think they have already lost a lot on money on their investments.
The current state of SF isnt going to attract more investment, from the Chinese or anyone else.
Note “the Chinese” arent a collective body. These investors are unconnected individuals. They have no organization. Certainly not the Chinese government, which wants to repatriate their assets.
“The Chinese” are several things.
First of all, they are the PRC.
(Huge)
Then there is the (also huge) Chinese diaspora which is not directly controlled by Beijing, is very powerful globally, and owns a LOT of companies and will not do things opposed by Beijing. Lots of Taiwan interests in this bunch.
Then finally you have American influence, which is slowly being elbowed aside.
There are not lots of Chinese not somewhere in one of these.