IMO with the Chinese attitude towards education, community, and government investment in contrast to the US attitude, it's only a matter of time before they take the lead in many tech categories.
The USA is already behind... and education is a thing that takes decades to pump or destroy. Even if the USA turns ship now (and they are not) the damage has been done for at least 2 generations of students.
The damage has been mitigated by importing so many smart people from elsewhere... but even that is getting destroyed so there is no saving it anymore