I doubt it. It was almost immediately clear that the world’s reliance on China for some things was a problem. I think this was a pretty clear outcome, because before COVID there were people already harping on that single point of failure.

This is going to hurt China’s long term influence. Countries are diversifying their strategic supply chains, on shoring capacity for thinks like chip fabs. This weakens China’s geopolitical clout because they won’t be able to control the bottleneck.