First of all China is not a democracy, it's really hard to compare them to other countries that free markets and open election. In China everything is controlled, over the last 2 years several economic indicators turned bad and the communist party decided to stop publishing them. I expect the Chinese economic picture to be highly skewed, only positive data is bringw broadcasted and everything else is pushed under the carpet. The second issue is that China is starting from a very different level to the developed countries in the world, average wages are lower, safety standards and environmental regulations are very different. That is why it's much easier for Chinese firms to compete globally during times of crisis. Also the Chinese government has a lot of money at hand to step in and boost certain sectors to survive the covid pandemic. China even managed to profit from the pandemic, I remember that almost all the masked in my country where produced in China. In my opinion the biggest threat for China is the trade wars with USA and if it intensifies it could spilt over to Europe as well. If most of the western countries would boycott China their economy is doomed, because the rest of the world can't take over all these exports. China is trying hard to expand into Africa and Asia to create more consumers, but they don't have enough money and China has to help out with loans.