Totally agree with you assertion that steady oil is still needed for a transition. That is if the transition will happen quick enough.
A couple things on China. They are not saying anything about what they are doing. Attributing them goodwill in this situation is misplaced. They are covering for the US President and preventing him from destabilizing the dollar.
China is indeed building a lot of solar which is good, but they are also building a lot of coal. If any country is currently pushing our planet to the brink, there is no question it is China.
I am increasingly suspicious of the US, China, and Russia relationship. It really feels like there is a unspoken alliance between the three superpowers. Everyone is helping everyone and it appears fascism reigns.