The Chinese economy certainly has some serious and challenging problems, but not all economic problems are signs of impending "collapse". What China is facing is a *slowdown* relative to the breakneck GDP growth they have managed to achieve in prior years, not a *recession* which is when growth goes negative. What you're suggesting falls in the same class of thinking as equating the US's recent recession with it's "downfall" (which itself was a pretty silly notion). It reflects a simplistic and highly imprecise understanding of economics.