just like every other country they say are a threat it will turn out to be a nothingburger
They're facing droughts, floods, locusts, a crop disease. The Three Gorges Dam is on it's way to being Chernobyl part 2. 4.2% of their gold was found to be fake (largest gold counterfeiting scam in human history), and the shadow banks are falling like dominos. Their largest tech company is running out of chips due to US sanctions.
China is a sinking ship. This sentiment has been echoed by everyone from commoners to princlings. It's going to break apart (for the millionth time), giving us Southern Mongolia, East Turkistan, Manchuria, Honk Kong as their own countries, just to name a few.