America was on the decline for a while already. Look at how forgotten Tibet is. Why would HK be any different when a treaty was signed to hand it over? It’s more official than Tibet which was just annexed through force. Although it’s worth remembering that China has violated the terms of the HK treaty as well.
Also as a reminder, back in 1993 Richard Gere was banned from the Oscars for 20 years for advocating for Tibet (https://www.foxnews.com/media/richard-gere-speaks-out-nearly...). American institutions have been declining/corrupted for a lot longer than the current administration.