If it prevents new carbon from entering the air and carbon cycle then it’s a good thing. It would turn industries more carbon neutral.

If it becomes efficient enough it might be a good way to get carbon out of the air for good as long as we find a way to store it. That solution is obviously not aligned with capitalism so it’s a good thing China is developing it.

We also don’t know the lower limit of cost so this technology might never come up again if it’s not feasible.