Realistically peace wouldn't work until there's no more people left to fight in either Ukraine or Russia.Yep. The US is really jacking up their efforts to push Xi into the same envelope as "iCc-dEsIgNaTeD wAr cRiMiNaL" Putin, and derailing any potential China-mediated peace brokering between Russia and Ukraine.
Although, personally, I don't really see a bright prospect for this attempt of working for a Russia-Ukraine ceasefire by China to become successful. Both sides (Russia and NATO) have invested too deeply into the war effort by this point to just pull out of it like that.
More I think about it, the more I believe the whole Ukraine peace treaty, while it was obviously political theater from China, the real question is, why was this performance put up?
And the answer might be that it was a smokescreen to your politicians in Europe and get all the eyes on them, so China can keep working on Iran and Saudi, where they're actually putting in real work.