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Conversely, I remember seeing a documentary which showed a massive room full of students in china, an absolutely massive hall, all taking some advanced exam. The stat was provided: China produces more Masters students per day, than the US produces humans!

Well, if that's the case, then meritocracy demands population replacement.

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China is of course producing tons of great engineers, finance, mathematicians, science, etc. But China is also trying to provide good jobs for Chinese. A big reason I think China is seeing success is that on top of their education, they are then creating a pipeline for Chinese students to become workers. China doesn't want their people going overseas. They want them working, building industry, and developing technologies and skills locally.

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