I really don't know how to assess China's economic or financial state.
I vividly remember hearing about how the housing bubble was going to break any time soon... a decade ago ?
And then how they would never survive Covid-19. Or the Trump tarrifs, etc...
To be clear, I'm not saying they're invincible or anything - maybe the economy _did_ collapse, but not uniformly, and maybe the central government is able to bail out the economy more efficiently than western economies, and maybe they're just lying their way off, etc...
But so far I have the same feelings about rumors on china's economical death as on Russian ones - metaphorically, I'll believe it when I see the corpse, and when its head has been chopped off for safety ;)