While yes, they also have interest in open weight, it does increase their market after all, I'd be surprised if that was on the same level, given they are extending mass credits to US frontier labs and neoclouds on condition that they'd purchase their GPUs and even provide revenue guarantees.

That is something they simply cannot do with Chinese entities. Allegedly smuggling GPUs may be feasible, but that'd probably ruffle to many feathers in both the US and Mainland China, especially as we know they will pop a bubble to their own (temporary) detriment if it gets out of control as seen with Evergrande a few years ago.