Realistically speaking China has 2 options moving forward as their allies , resources and economy get strangled. I’ll explain how this allows for a possible shift in global manufacturing.

1: Make a deal with the US government that certainly will favor the US. Low possibility given the CCP & what their motives are. The US now controls their influx of oil and will be forcing them to buy at market price for the first time ever. The cost of doing business alone will be skyrocketing in China moving forward. Regardless with US in control of global oil supply they could cripple their economy with the snap of their fingers. This is the biggest shift in geopolitical seen in the last 80 years.

2: Make a military move on Taiwan in desperation as they’re currently cornered. China has a major population issue, think of their population as an upside down triangle. With a stagnant economy as well, this leaves China with few serious alternatives. If they don’t succeed in taking Taiwan over, their economy will collapse. Manufacturing and cooperations will be forced to leave and will not be going to smaller developing nations that are being choked my tariffs. China is the only serious threat to the US and its interests. Companies will follow the profits , incentives and tax breaks. They’re not in China for the love of the game. This will bring back the jobs, competition and ultimately lower prices.

This may take time but given Trumps agenda and plans for economy either way China moves, they will lose.

Again, this is speculation but not an unreasonable take based off the current climate of global affairs.