React: can't create jsx element from ElementType<P> if P is a generic type parameter

[Hypnosphi]

https://www.typescriptlang.org/play?#code/JYWwDg9gTgLgBAJQKYEMDGMA0cDeBRAGyRCQDsYAVATzCQF84AzKCEOAcilQ3YCheYNJHAAKLMAGcAPCIB8cALy5ecVXDQALYAQAmYiJIBcozCrUBhLbuOFiZSkJmzedfowCupDMAik451khSeycAChxLbR1sTSj9STpjeOk5AEplNTguGHcoPylI3VwAOlLY3WSGAHpnVyA

import React, {ElementType} from 'react'

type Props<P> = {
    childProps: P,
    Child: ElementType<P>
}

function Component<P>({Child, childProps}: Props<P>) {
    return <Child {...childProps} />
}

expected: no error, as ElementType<P> accepts props of type P
actual: JSX element type 'Child' does not have any construct or call signatures

It works OK if use some defined type instead of generic:

https://www.typescriptlang.org/play?#code/JYWwDg9gTgLgBAJQKYEMDGMA0cDeBRAGyRCQDsYAVATzCQF84AzKCEOAcilQ3YCheYNJHAAKcALy5GECAC44AZxhRgpAOZ1+g2qJZgFE3Lzgm4aABbACAExF6F8kZmOmAwpZvzCxMpSEAeEQA+Xk1eRgBXUgxgCFI4V1ZIUl8AChx3K2tsCyy7CH06R3sASiNTOC4YCKh4-0ybXAA6FtybfMK4AHoQzSA

It also works if I use just ElementType without type parameter, but in this case it defaults to any which breaks type safety:

https://www.typescriptlang.org/play?#code/JYWwDg9gTgLgBAJQKYEMDGMA0cDeBRAGyRCQDsYAVATzCQF84AzKCEOAcilQ3YCheYNJHAAKLMAGcAPCIB8cALy5ecVXDQALYAQAmYiJIBcozCrUBhLbuOFiZSkN51+jAK6kMwCKTjnWkUnsZWQAKHEttHWxNSP1JOmM46TkASmU1OC4YVygfKQjdXAA6EpjdJIYAelknXiA