There’s much more to it than that. If you invent a brilliant new thing that everyone will want… how are you going to make it at scale, at a price people will pay for it? The cheapest, quickest, most efficient way by far would be to make it in China. Sure, maybe you could build the factory and distribution networks in the west, and maybe persuade investors to let you do that, but China will imitate and undercut you astonishing quickly.