Is the Chinese economic slowdown good or bad for the United States?
Bad for American exports as businesses that have expanded into China.
Good because high growth every year for multiple years is unsustainable. It usually leads to stagnation or longer recession periods.
The way I see it...
Good: Higher wages in China bring manufacturing jobs back to U.S., stronger Yuan narrows trade deficit.
Bad: Weaker demand in China could hurt American exports and contribute to a global slowdown.
We'll just export jobs to another pacific country :'(
In the long term, probably. But no other country or region yet has the industrial capacity to take all of the slack. It helps that wages are rising across many other Eastern Asian countries as well.