In fact, the technological sanctions of war are equal to zero when China cannot manufacture and what the West can manufacture is not exported to China at all.
China is working hard to develop more products that are monopolized by the West and while Trump or the "Trump" may win the election in 2024. It is difficult to predict what will happen if the power of sanctions continues to be reduced. In particular, the West wants to spread manufacturing to Southeast Asia, but upstream and downstream still have to pass through China.
I have little hope for a peaceful solution.
China cannot allow another Hong Kong, spending huge resources, but allowing Western ideological infiltration and spying to flood it. It also needs to build military bases here as an outpost in China's core GDP area and support SSBN entering the Pacific Ocean. This requires voluntary surrender and a complete change of government and military.
Economic sanctions are not necessarily the severest, because Wall Street always wants to make money.