I too want China to squeeze India now. After what India did in 2020 when China was experiencing it's Covid crisis, I just cannot forgive them after that.The thing is china shouldn't ease restrictions on export to India, I don't see what china getting from it
Still, I think the Chinese government of today had grown out of their naive mindset back in 2019 to 2021. They have shown a much more cynical and cunning side to their geopolitics since then. I think the Chinese government are just playing with India. They are perhaps trying to aggravate this US-India chill. Let them two duke it out for awhile, while China offers lip service to India.
China had offered lip service to the EU about not supporting Russia's war in Ukraine. So similarly, I believe China is also giving lip service to India, backing it up to standup to the US. Then sit back and enjoy as India turns it's Jai Hind anger towards the US for awhile. When India comes crawling back for help, China can turn around and say that India still didn't respect One China, so no help other than China's best wishes.