[throwaway4good]

I realize it is hard to find data on China that is trustworthy in particular if you do not trust its government. But what you can do is to look at trade data with other countries and that data does not show the economic collapse you are describing.

[marianatom]

According to the office for national statistics in China, for jan/feb of 2023 http://www.ce.cn/xwzx/gnsz/gdxw/202303/27/t20230327_38464161..., car manufacturing profits is down 41%. non-metal products manufacturing profits is down 39%. chemicals manufacturing profits is down 56%. electronics manufacturing profits is down 71%. In fact, all businesses have dropped 22% in profit.

That's data with existing businesses. It's been reported that within the last 2 years, China has had 1M+ SMB closures.