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yeah there are certain things they can't do, like magically create population they don't have. even the BEST predictions, based on China's own reporting (which is suspected to be very inflated) say they are in for a very harsh reality demographically speaking.
https://www.salon.com/2023/07/30/chinas-great-leap-backward-so-much-for-the-next-dominant-superpower/
https://www.huffpost.com/entry/china-population-drop_n_63c69f7be4b0cbfd55f616e2
https://www.economist.com/graphic-detail/2023/08/03/china-will-become-less-populous-more-productive-and-more-pricey
So yes they might be able to handle this current situation, maybe, but they are in for a very rough time of it and they have very few options.
Shrinking population +people buying as many apartments as they could as it was viewed as the only "good" investment (their stock market is a complete joke, filled with scam companies with fake numbers run like ponzi scheme). The real estate market there is due for a wild correction. The housing market in America has been manipulated by greed but at least there arent as many empty apartment buildings. Here people are least rent out their real estate and become slumlords.....