If the mining machines and computing power are in the hands of Bitcoin's HODL, it will be beneficial to the entire Bitcoin ecosystem. The Chinese government will eventually realize that Bitcoin cannot be banned, but the lost mining machines and computing power cannot be recovered.
What is unrecoverable computing power? The sale of equipment was in the minds of the miners. They only sell old equipment and make sure that new equipment with better mining performance, more energy-saving will be replaced.
That is also the reason the hash rate always increases over time. Chinese miners are very aware of their profits from mining and the Chinese government is just a liar. They have been quietly supporting miners for years so they will continue to do so. Prohibited statements are blindfolded.