The intent of my government or of a foreign government has almost zero bearing on my life, for the life of any other average American – someone who does not have a secret clearance, is not committing major felonies, etc.
What matters is material condition, and the ability of that government to project force and change a person’s material condition.
If Chinese intelligence knows who my weed dealer is, or that I on occasion drive my car faster than the posted speed limit, agents of the MSS aren’t going to tail my car and pull me over. If proof that I’m pirating DVDs hits the great firewall I’m not going to get an email threatening me with legal action.
I don’t care if my government really thinks that weed purchases should be illegal or that driving 5 over the speed limit is a societal crisis or that pirating DVDs is a moral wrong: I care that they can project force against me and impact my life.
I'm sure you can concede that it will, however, be used against organizations, institutions, and people who are important.
Some of those will directly impact your life. This isn't a new idea, the power of both espionage and propaganda are well studied and long established to be effective.
For example:
https://www.nbcnews.com/news/world/russian-documents-reveal-...
There will also be effects on your peers, neighbors, and society around you. There are nation-state actors currently using stolen data for blackmail, extortion, and propaganda campaigns, to influence the economic and political stability of other nations.
Whether or not you are a direct target, you will be affected in some way. While you feel much more closely connected to your local government, they are not generally acting out of malice.