We have to be careful with this stuff but what I will say is that China is watching the west’s reaction to Ukraine very closely as it may relate to Taiwan.
There is the well worn argument that this whole thing is pushing Russia closer to China.
Of late there are reports that China is miffed at Putin's handling of this invasion and that the Chinese are the ones the put the pressure on Russia to have this fake negotiations session today and some other things. I sort of dismissed this idea of China being pissed with Vlad as being American propaganda or wishful thing or whatever.
But you know what? I am changing my mind a bit. This is not going well for China. Xi's goal/hope was to see Putin take Ukraine in a somewhat methodical manner and somewhat normalize the business of countries taking "mis-aligned" territorities and that it is perfectly understandable why breakways need to be brought back to the Motherland/Fatherland whatever. Then he does the same to Taiwan, expecting lots of blowback, but basically gettin er done.
Except now Putin has become a monster and a pariah in the world. That is not the template that Xi wanted to see Putin establish.
I may change my mind after I finish my coffee but for now, I don't think this is going well for China. Obviously, I did not get into the fact that China is also having to see the West rally against Putin, but there is that too of course. Just sayin that China wanted Vlad to grease the skids - not give invasions a bad name.