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New phone sparks worry China has found a way around U.S. tech limits
(www.washingtonpost.com)
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A lot of opinion for so little knowledge.
The assumption was never that China would "crumble", but that its pace would slow down. Nothing more. And that also was what was publicly said.
There are lots of people who said that China's semiconductor industry would collapse. (Many still do think China itself will collapse, which is possible, but not very likely as they think it is.)
And that's just one "expert", this was never the intention and nobody responsible claimed that.
Claiming China will collapse within 3 days is kind of a hobby for many "experts" in various fields.