It is true that China like most countries at some point is experiencing a crisis at the moment.
As an aside, I think Xi needs to go. Deng Xiaoping’s strategy was better imho. The semi-planned economy approach has worked surprisingly well for now but it’s clear it’s running out of steam. China has already suffered greatly due to such a strategy before.
But still, there was one business owner arguing that there's never been a better time to do business with China because it's cheaper right now, so who knows what will actually happen.