I think you'll have to watch it on two fronts: Cost and Quality/Niche.
China has long been thought of a place to have inexpensive low quality goods made. Between the low standard of living and artificially devalued currency, historically the PRC been the "junk" mecca of the disposable goods world. That said, I think two things are happening: The quality of goods coming out of China is increasing across the board. There is still plenty of junk to be had, but they are making some really nice stuff as well. The byproduct of that is that it seems that Chinese manufacturers are learning the lesson that Chinese goods do not have to be just be cheap and crappy. Better stuff commanding a higher price is a growing business model. Folks on the factory floors are starting to become craftsmen and craftswomen and not just lever pullers. I also see the days where the Chinese government can basically be a superpower masquerading as a developing nation to be limited. At a certain point they will have to deal with their manipulations, let the money fall where is may, take a deep dip, and come out on the other side....if that that is there plan. It's the only way they will have a chance of wrenching the #1 spot out of the US' hands, but that will mean giving up their greatest weapon in the game.
Sorry to get off on a tangent. I'm not really worried about where my knives come from. I don't shop for value these days. I shop for what I want. I will happily spend $600 on a Microtech and not spend $300 on a Chinese OTF that is "just as good, more or less". I would like to have a couple more CRK models because i love the fit and finish of an admittedly antiquated style of knife simply because it kinda was THE Grail knife for years. It's like carrying a traditional knife over a folder with a thumb stud and a pocket clip. You can prefer all you want, but the more modern style of knife is generally more objectively handy for most chores over fishing out a nail-breaker in the time it takes to thumb open a folder, make a cut, and have it back and clipped inside your pocket. Some guys just LIKE the old school stuff, and that's cool. I sorta see the CRK knives in the same light. Great product, great history, great warranty, impeccable fit. However, honestly, other companies are doing the same thing if even a bit better for less dollars. I choose to pay the CRK prices because THAT is the knife i want

China can't give me that...but I dunno if that is a sustainable business model.
If I may be a glass half full guy, if there is a silver lining to the whole Knives from China thing, at least we are also seeing innovation and quality improve. The high end folders coming out of China are really well done if generally a bit garish. It's not ALL junk. However, I think the best we can hope for in the near future is balance: A smattering of high quality US companies making something that is distinctly American in flavor, an influx of quality goods at fair market prices coming from the Chinese (think the rise in quality and price of Japanese goods between the 1940s and 2000s), and we still sadly see a lot of garbage clones coming off the lines there as well. That's just part of the knife game. That last bit has less to do with the quality of the work and pride of folks making the good stuff at other factories and more to do with the lack of morels of the sham manufacturers operating under a government that flat out encourages IP theft as "just doing business".