There is a growing number of Chinese students who graduate from top Chinese universities or return to work in China after their US education. The US may hold a dominant position right now, but that lead is fading and the unwelcoming attitude towards immigrants is driving the best and brightest back home. This is especially true in engineering (vs academia where US still has a huge advantage), where there has been an explosion in Chinese tech companies who pay salaries competent to US tech companies when adjusting for CoL. It’s therefore not surprising that in the last decade we saw many rising Chinese companies like TikTok, Xiaomi, Tencent make waves even in American markets. In the next decade, if the US fails to capture the brightest minds of the world, we could see China start to become a viable alternative to the US, especially for tech workers.