I am dubious. China is immense and complex compared to the paper simplicity of Enron. And despite a great deal of attention directed towards its free enterprise, remember that it is *not* free, but remains a command economy.
And most importantly, even if China did have an economic collapse, the west might not even be substantially aware of it, if the Chinese government decided to conceal the fact. Nor, to a great extent, would we even know what a Chinese collapse would look like.
This makes prediction just speculation.
Remains to be seen. A real economic collapse could result in violence and millions of deaths. Hard to hide. And economically, it would have a powerful ripple effect throughout Asia. I think the West would be very aware.