I don't know how the stock market keeps going up in 2022 when...

Nike just indicated a week ago that its down 20% in china year o year. This apparently is a result of chinese consumers favoring their own brands over USA. So when does Apple, Tesla have the same problem?

The other problem is USA consumer being whittled down by stimulus and savings evaporating leaving only charging up the credit card remaining. What saves Nike etc after that?