I do not really agree with that.But China still needs to be strong in aircraft engines and biotechnology, in addition to semiconductors.
The most important point in year 2021, is to de-Americanize as much as China Inc. can, to design American parts out of their products.
The Americans have proven themselves to be unreliable. You cannot do business with people who do not keep their word.
Other countries, it is entirely up to them what they want to do, but looking the trade numbers, kind of clear what they are willing to do.
If those countries like Australia want less trade with China, that is their right.
Their reasons why? Who knows. Just chalk it up to stupidity or the mysteries of life sort of thing.