> China doesn't also really seem to want any part of this drama. They're being dragged in because historically they're an ally of Russia

Historically China is a quasi enemy of Russia.

Russia was plotting to nuke China in 1969 over their border conflict. They have rarely liked eachother and are not traditional allies.

https://en.wikipedia.org/wiki/Sino-Soviet_border_conflict

https://www.scmp.com/article/714064/nixon-intervention-saved...

Regardless, using human emotions in geopolitical discussions is weird. I don't think China is afraid of the US, I think China is doing what China thinks is best for them, which may include going along with the US, or not, or doing something inbetween (most likely).

Your evidence does not support your argument. These moves can also be considered as strengthening the globalization of CNYuan.