This is simply incorrect. It has been shrinking but still above replacement rate
China's tech companies are doing great.
I take it you haven't been following chinese tech for quite a while or looked at their stock prices recently.
Look, you can be a pro-china cheerleader all you want but no one in the world, including the Chinese, trust the Chinese government, less so after the last two years than in the last 40. That means no one will store their wealth their (required to become reserve currency) and US company outflows are already starting.
NOPE!
BBC:
US birth rate falls 4% to its lowest point ever
Published
6 May 2021
The decline in birth rates was seen across all measured racial and ethnic groups. Births dropped by 4% among white, black and Latina women, 9% for Asian women, 3% for Hawaiians and other Pacific Islanders and 7% for Native American and Alaska native women.
The report also analysed the total US fertility rate, which estimates how many babies a hypothetical group of 1,000 women would have over their lifetime based on actual birth rates. For a generation to exactly replace itself, this number must be at or above 2.1.
According to the CDC, this rate has generally been “below replacement” since 1971 and has consistently been below replacement since 2007. Today, the US total fertility rate sits at 1.6 - another record low.
I have.
And how are the stock prices of Facebook and Twitter been doing this year? Not great. Terribly in fact.
Look, you can be a pro-china cheerleader all you want but no one in the world, including the Chinese, trust the Chinese government, less so after the last two years than in the last 40.
So who trusts the Dementia Joe US government who keep insisting inflation is ZERO even as inflation hits 40 year highs at 8.3% and furiously insists the borders are secure same time over 2 1/2 million illegals have rushed across the borders since Dementia Joe seized power?
That means no one will store their wealth their (required to become reserve currency) and US company outflows are already starting.
Except most Chinese and Chinese companies store their wealth in China.