The important thing is that the Chinese government took steps to protect it’s other sectors
But At What Cost?!
Also, so much of this seems to undersell the global common denominator: skyrocketing energy prices.
China is getting hit earlier because they've relied so heavily on the Persian Gulf and Russia to date. By contrast, the US - a major energy exporter - can remain insulated (and even reap a fat dividend) as their energy export values balloon.
AI is voracious for energy, so Chinese data centers got hit faster and harder than their American peers. I would not assume this rebounds the same way in the States, because the US is willing to subsidize AI development AND fossil fuel consumption in a way China is not.