Though part of me is a bit skeptical due to the fact that people have been saying China would fall apart for years now.
One of the big patterns that I've observed in people's thinking on such things, including my own in the past, is that they see problems, sometimes multiple problems that are all legitimately very serious, and then
don't even think about what is keeping things going.
The idea of an economy completely collapsing and coming to a functional standstill, is pitted against the reality that
people need to eat, and will work to put food in their mouths. People will also find ways to pay for their homes, their transport, their luxuries, etc, when pressed against the wall.
None of this invalidates the serious issues various economies (and especially China's) are having, but these kinds of forces (alongside the CCP's desperate attempts to keep shit together and present a strong face) acts in balance against them.
I'm sure you've also heard the whole thing of 'change happens very slowly and then all at once' thing. That tends to be a pattern when economies suddenly hit walls as well.