A lot of Chinese people are speaking Chinglish when they try to speak English.
or
A lot of Chinese people speak Chinglish when they try to speak English.
When I was in high school years ago, I would definitely consider the latter to be the right one. Since the action, speaking Chinglish, is something people do on a regular basis, not at a specific point in time. However, after I'm exposed to a lot of youtube videos made by native English speakers, I somehow have a tendency to favor the first one. The first one seems to instantly come out of my mind. But I can't convince myself to accept the former when it comes to conscious reasoning. So is it technically incorrect to say the former?