The New York-based Soufan Center, an independent non-profit research organization, published on 6 February 2024 an analysis titled "Houthi Attacks Upend Beijing's Regional Strategy."
Even though the Houthis have attacked no Chinese-owned ships in the Red Sea, Beijing has become increasingly concerned about the economic costs of the Iran-endorsed Houthi campaign. Nevertheless, it is highly unlikely this will cause China to join the Western effort to end militarily the attacks. Beijing may even be quietly applauding the regional instability created by the Houthis.