IMO the important metric of an economy is GDP and China's rose 5.3% March Qtr despite Western Media prophets of doom predictions .(Germany and the UK are in Recession while other Western economies (incl Aus) look dicey Perhaps China's growth will be our saviour as it was during the GFC.
IMO it is silly to use Western standards as economic indicators for China because: (a) China is fundamentally a command economy and that was evidenced during the US induced GFC. (b) Its SOEs and its Political Economy enables it to act/react much quicker than the West to remedy weaknesses. (c) Unlike Western economies during the GFC (exception Iceland) China will simply nationalise failing . critical enterprises rather than print/throw money at them (EG: USA during the GFC) (d) China has "American Proofed" its economy via its BRI and its leadership role in the BRICS . (The BRICS GDP (PPP) is now greater than that of the G7 combined) (e) Despite China's massive lockdowns for over 2 years of Covid, its economy managed . to avoid recession and at present its inflation rate is nominal despite the Ukraine War . rattling some Western Economies due to energy induced inflation. (f) China's "Made in China 2025" economic program implemented 10 years ago . is now gaining traction with better quality/higher priced exports (eg: Chinese EVs etc)
So rather than resorting to wishy-washy prophecy , lets look at the GDP figures which are mostly propaganda proof...eh?
So in summary, Aus investors should be pleased that the China demand for IO, Coal,LNG and minerals generally (incl gold) is holding up and as such this is preventing Aus from sliding into recession.
