Yeah Chinese oil reserves were much larger than was publicly known. They immediately cut imports by a massive amount as soon as the war started and have been able to keep it up for months. Without that the economic fallout would have been far greater.

Not that they are doing it for this reason, but they have done a lot to shield trump from the consequences of his stupid war. But those supplies can only hold for so long; things can get much worse for the world economy in the near future.