[la_barba]

I think you're overplaying the 'cheap crap' argument. China is quite a ways better than they were when that stereotype was passable. They can totally match what the US is doing in a large set of technology based industries. And also, because of the way supply chains work (they naturally form clusters around manufacturing hubs and engender very strong network effects) the US might not be in a position to make any high-tech product at all. It would be cheaper to manufacture it overseas rather than ship every single part/material to the US.