As a former academic at a top US university, no, the US no longer has that strong reputation. 10 years ago, if you were someone, you wanted to come to the US. The best students in the world came and stayed.
Things are radically different now. Much of the best talent no longer comes and when they do come they leave. It's night and day.
It's not a binary choice. It's not the US or China. It's the US or Canada/EU/etc. And if you're from China, you used to stay, now you leave.
This isn't reddit. I saw this first hand.