This is a detailed article about the slowdown of the Chinese economy. The impact on the U.S. Macro economy is potentially two-fold: China’s factory production is slowing due to Covid, which could worsen supply shortfalls → increased U.S. inflation. And China could import less from the U.S. as their economy slows. The last 6 months of U.S. exports to China have been strong (though much less than imports from China).
https://www.wsj.com/articles/chinas-economic-distress-deepen…
https://www.census.gov/foreign-trade/balance/c5700.html
Wendy