They are not that transparent about their economic reports, so we only get to know research articles published by various organizations and individuals. If china is facing a downtime with its economy then that flow of money is going elsewhere.
how do you think this will affect the global economy, the crypto market, and what to prepare for?
India is having a a laugh on that.
Crypto will get a boost except a suitable amount of chinese holders decide to sell it all. Unlikely I think.
Chinese whales won't sell their crypto only because their country is having an economic downtime. how many of them live in their country? IMO it won't have any greater impact on the industry because most likely whales will shift their location from China to somewhere else. India is not doing that great too with all of their neighbors turning hostile towards them.