Are the rest of the world so far behind with ASIC development or something similar, that they cannot develop something that would be able to compete with the Chinese?
Bitfury's latest ASIC
https://bitfury.com/hardware/asic is pretty competitive with Chinese designs...
But where will they make the chips and assemble the miners for mass production that would make the price more competitive? I believe it will still end up to be "Made in China". Haha.