Well, some people might say the Huli Jing (狐狸精), the chinese
fox, is the Chinese equivalent to the Tanuki.
But, the raccoon dog (tanuki) is known in Chinese folklore and
mythology (along with the badger (mujina)), but both (raccoon dog
and badger) seldom appear in Chinese folklore and mythology.
Related Q&A:
What is the Chinese equivalent to the Japanese Tanuki?-Well, let me tell you. In Chinese, there isn't an exact equivalent to the Japanese Tanuki. But if we talk about similar mythical or legendary creatures, we might think of some like the fox spirit or the raccoon dog spirit. However, they aren't exactly the same. The concepts and characteristics associated with them differ in various ways. It's kind of tricky to find a perfect match. But that's how it is!