In relation to credit been harder to come by I can see this as a real good situation for companies and sectors which may have alot of interest from China.
Not sure if my logic is right but
China seems to have piles of cash so doesn't require borrowing for investments and if other countries and companies cant get money to buy investments the price of these investments will drop. Perhapes the Chinese will move in and buy strategic assets with their money.
My stratagy has been to sell off most my portfolio and still hold interests in companies closely related to Chinese interests.