It is not possible to collapse the economic of China, even the Corona virus is came from in Wuhan one of the largest and developed city in China. The destruction of corona virus is less compared to other countries like America, Italy, and Spain etc, it is because they have already a vaccine and also they have advance technologies to prevent widespreading of viruses.
But it is worth noting that the coronavirus in China did not inflict serious blows on the financial centers of the country, such as Shanghai, Guangzhou, Hong Kong. And this is rather strange, because Wuhan was not closed very quickly, and China has a very high population density.