China’s economy on the brink of collapse

I just found out this news yesterday and was wondering why no one is talking about the crisis going on in China? Their economy is on the brink of collapse and cryptos have been pumping the past few weeks as this has been going on. Does anyone speculate the whales are pumping up the price of cryptos in attempts to get out before the flood gates open? I could be wrong and people may have been talking about it but I have seen no one really talk or think how this event could result in the crypto market and how we could be seeing another red wave strike the market.