They're in a perfect position for this, too, and has been noted many times over the past 10+ years, they've already started doing it wrt. electronics manufacturing in general. The West spent the last 50+ years outsourcing its technological expertise to factories in China; as a result, they now have the factories, and two generations of people who know how to work in them, how to turn designs into working products - which necessitates some understanding of the designs themselves - and how to tinker with hardware in general. Now, innovation involves experimentation, so if you're an innovator, it's kind of helpful to have the actual means of production at hand, so you can experiment directly, for cheap, with rapid turnaround.

If that's a problem for the West now, it's a problem of our own creation.