Since China is adding no equity to the phone (read as chips, screens, optics) and they just assemble them, it appears that China may be a "paper dragon" in that

Since China is adding no equity to the phone (read as chips, screens, optics) and they just assemble them, it appears that China may be a "paper dragon" in that their industry can easily move off shore or be replaced by robots I also want to include that I am presuming many companies are doing likewise in China as well.