If you pick random data points you can support with them any theory. Comparing white Americans (a random group of people defined by a subjective criteria, rather than by anything scientific) to a whole European country is random.
Now, speaking of the choice of subgroups. If you select best performing subgroups to see which country can support the best talent, why are you not looking at the results of international olympiads?
IOI - China, Russia, then USA. IPhO - China dominates the list of winners. IMO - USA has some wins, but China won more.