Can't speak for ianai but when he said "malignant" that should certainly include its policies towards its neighbors and the rest of the world. "Wolf Warrior" diplomacy is pretty iconic in representing that, but note how the CCP has managed to get so many of its neighbors to ally with Japan of all nations. After the horrors of occupation by Imperial Japan which are still an issue in South Korea for example. Where Japan's replies including a licencing regime for several classes of specialty chemicals used in IC fabrication.

The world also cares very much what happens with Taiwan if that results in one way or another it no longer exporting chips. That island also makes quite a bit of higher end stuff for many nations' and companies' supply chains, as well as finished goods.