Agreed. They’d also have to be pretty sure they’d make up the deficit from potential sanctions/lost exports. [https://trendeconomy.com/data/h2?commodity=TOTAL&reporter=China&trade_flow=Export,Import&partner=World&indicator=TV,YoY&time_period=2021,2022](20% of their GDP is exports ) with the US, Japan, and Korea making up close to 25% of that.
It’s probably why they are watching Russia so closely and investing in Africa heavily.
Is wells Fargo the worst run of the big banks? The seem to constantly have the worst shit (that’s reported on).