I wish I believed this as strongly as you do. The Chinese internet is isolated in a lot of very meaningful ways and the Chinese economy is not going backwards. There's probably a drag but it's not significant enough to stall progress.
You can unfortunately retain a lot of the utility of the internet while simultaneously sucking out the ability for it to be effectively used for political activity if you're willing to build the infrastructure required.
"There's probably a drag but it's not significant enough to stall progress."
I think it's rather the opposite. Why do you think tencent, alibaba, etc., exist in China, instead of the US alternatives? It's simply because there was a wall in place. Honestly, I'm not sure why more large countries aren't doing this - it's an easy way to build your own digital industry up.
That's the thing - I'm not sure Russia can produce their own competent tencent, alibaba, and so forth. I wonder if they're going to wall off their section of the Internet, then realise it's painful and open themselves up to Chinese companies.
It would be wise for someone in the Russian government to say "You will end up shining the shoes of the Chinese!" a la Italo Balbo at this point.
I would argue it might have happened anyway. It would not have been profitable for US companies to export their services to China due to low (at the time) USD purchasing power of Chinese consumers.