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The bigger problem for their economy is their aging population, well, that's a problem in most developed countries, but China is going to be hit particularly hard due to the lingering effects of old policies. But that's a macro economic problem for the medium to long term.
In the near term they've exposed their economy to the same shithead neo-liberal speculation driven private profits, public loses, as the West has. Sure, it has a China specific spin to it, but similar enough to cause a real bad time.
All the economic data I've seen shows that their economy is going to shit the bed, hard. This is due to a mixture of bogus economic data coming home, real estate market shitfuckery, and the trade war/tech sanctions.
The bigger question is how much exposure the shitheads in New York, London, and Tokyo, have and how much it will spillover into the global economy at large.
The ONLY upside here, is that at least China will execute some of the chuckledicks responsible. You know, instead of give them bonuses and jobs in the next US Presidential administration.