Not so, a lot of companies have left China for Mexico. Masterlock has. Abbvie also pulled their diagnostic labs as well. There are more. The Chinese are thieves and the word is out. They reverse engineer product and counterfeit for profit. If it is intellectual property, you are screwed. You will see some product from china still, mundane stuff, but with the price of shipping costs, manufacturing in Mexico is a wash. And when you leave, you do it quietly or be detained(prison). Companies end up leaving a lot behind.
China is a bunch thugs hiding behind the fassad of a communist regime. They intend of ruling the world by becoming a financial super power surpassing the United States. Still think the Covid-19 crisis was an accident?