The Chinese Govt is actually trying to discourage "low-rent"industries like toy manufacture and clothing, and encourage growth in electronics and digital technology. While your plasma is likely to be a Samsung or LG screen (regardless of name), the odds of your LCD being Chinese are rising each year, with more and more LCD factories opening up in China (which is why the things are so cheap now compared to previous years).
The cheaper production is moving to Vietnam, India and so on, as Chinese wages are also on the rise. This is not an overnight issue, but one which is already influencing the decisions on new factories.
As for Australia, the move is more to the services area, with this now making up a massive part of the economy (sorry - cannot remember %age). Even in manufacturing, this leads to situations where an Australian company designs the product, markets the product, distributes the product, but its made in China.
It should be noted, this is where the $$$ are made. The Chinese make SFA manufacturing, and only make $$$ with massive volumes that deliver economies of scale benefits (which is also a pusher for smaller orders to more flexible manufacturers in India for instance).