China is currently flooding the world with goods to get its domestic economy back on track, which is leading to a deflationary trend. Now that the real estate sector has almost come to a standstill due to its problems and is contributing little to economic growth, the government is looking for alternatives. They have identified these in the expansion of industry, in particular solar and electric cars (also indirectly confirmed by the communist party). It should therefore be assumed that products from China will become cheaper. I don't think the scenario you describe is likely.