Their posture is potentially lessening that dependency somewhat though - a company I work with, for example, now tries to find suppliers in Malaysia, Thailand,

Their posture is potentially lessening that dependency somewhat though - a company I work with, for example, now tries to find suppliers in Malaysia, Thailand, etc. for metalwork, PCB manufacture, assembly and things like that, which all would have just gone straight to China five years ago. This is a pretty small manufacturer with a fairly niche product, but I imagine others are thinking the same way.