REUTERS/Stringer
- China is facing a housing crisis, high youth unemployment, and declining consumer confidence.
- But the US may not be heavily hurt by the slowdown.
- US imports from China are down this year, and direct investment in China is a sliver of the US GDP.
President Joe Biden called China's economy a "ticking time bomb," while Treasury Secretary Janet Yellen said China's slowdown could have "some spillovers to the United States."