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If true global economic collapse happened, gold will have regional value like before. The value of gold today will fall to a trade value. An area that can exchange it for something useful, will have value in gold. And area that can't exchange it for anything more useful than another rock, will have other things that are more valuable. Water, can easily be more valuable then gold.
Outside of that... China is as f'ed as America, in pretty much the same ways other than labor costs, which is now growing in China which has already created social costs from the Gov. They are a direct reflection of our Economy, an extension of our labor force. It's already becoming too expensive to do business with them, and with no social backing to fight off poverty, they'll fall into a pit of hell without us.
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