There is something else going on here, that we do not see. At least I know I do not see it.
As of this moment, the Chinese are willing to sacrifice the CAI (which would be very minor as they would revert to the old deals), and the Chinese seem willing to sacrifice Huawei 5G business in much of Europe.
Note, that this may not happen, as this Sanctions War can blow away like a rain storm.
What the Chinese did was disproportionate. 10 politicians and 4 organizations! That was great! Probably more is coming, Chinese sanctions against America, UK and Canada.
The CCP is looking for a fight, and deliberately pushing the EU closer to America, for the moment at least.
Why?
That I do not see just yet.