But I don't get why it should be good for bitcoin, especially when a lot of businesses and corporates are China related, and also conferences and events for crypto are all there. Shouldn't price be going down because of bad news in China?
The OP's question is about whether it'll have an impact, not whether it's good.
I don't think it will. If you think it has any type of relationship with stock markets, and I don't myself, then you might believe it's possible. Stock markets certainly will feel an effect if the problems grow.