Will China become the poor man’s dealer for high end audio?

I think maybe you meant to say “manufacturer” rather than “dealer,” no? This is not new and many manufacturers have been designing equipment in the US and Europe for decades and having them manufactured in China. Actually, the speakers I bought over 20 years ago were designed here and built there, and it’s an attractive business model as long as quality control is good at the factory (think Apple products). In the mid-to-longer term China’s labor rates will continue to rise and other countries like Vietnam, Malaysia, etc. will become relatively more attractive and cost-effective options similarly to how China attracted manufacturing business in the past, and businesses will begin to migrate there instead. Frankly I’m pretty amazed by companies like Schiit, Rogue and some others who can play in the budget/midFi categories and still manufacture here in the US what with our significantly higher wages, health benefits, and overall costs of doing business — truly impressive.

No, bit of a troll question.

Already there Africa is the next labor market to be exploited. Already has been by some companies. Many of them Chinese companies. Vietnam and Malaysia, China, India have all caught up to each other. 

 Vietnam, Malaysia, etc. will become relatively more attractive and cost-effective options similarly

Switzerland with CH Precision and DarTZeel stands atop the ultra-hifi business! China will never contend in that segment! 

I just hope they stay out of biology labs for awhile 😉 .

I must say I feel the original posted question is pretty ignorant, and the person asking the question seems to be woefully uninformed of the whole world of high value electronic goods and the countries that make and consume them.