China’s power is mostly illusionary and they know we know that is the case. Thus they know as the cabal got taken down since 2017 their stolen intellectual property and bribes become less and less valuable.

Knowing this alone might make their leaders capitulate to stay in power or risks economic collapse which would inevitably lead to a revolution. Trump probably offered to assist them in the transitional phase with stringent conditions. They have a lot of pride but they don’t wanna do a 2008 depression times 5. Just my guess though.