CHINA — Global businesses and industries that rode the China growth wave for years are bracing for the fallout of a slowing economy. …This month, Chinese officials announced that the economy grew at its slowest pace since the early days of the pandemic. Unemployment is high, the housing market is in crisis and nervous consumers — living under the constant threat of lockdowns — are not spending. Now, the once resilient Chinese economy is looking shaky, and the companies that flocked to the country to partake in boom times are being confronted by flat growth. …Kamps Hardwoods, a Michigan manufacturer of kiln-treated lumber seized on the opportunity at first. …By 2016, China accounted for 80% of his sales. …Kamps soon realized that it was hard to make a profit because many buyers only wanted the cheapest possible price. [to access the full story a NY Times subscription is required]