China, for example, could set up a very European-style English-speaking institute in Hong Kong or Macau with high salaries to attract scientists. Singapore and South Korea too. One day Americans might well follow the money and the research freedom?
China's drowning in their own PhD's. The competition is fierce, and the pressure is enormous. The best and brightest over there are insanely capable men and women.
In all honesty, it's hard to see China wanting many of the PhD's that would be available from the US in a worst case scenario NSF/NIH funding collapse. There may be a place for the top 0.1%? But for 99.9% of PhD's, there are Chinese replacements that are, frankly, better and cheaper.
Hate to bring it back to money like that, but there it is.
I see Chinese nationals in US labs thinking a return to China is a more attractive now than it was a few weeks ago. Chinese institutions should absolutely capitalize on this.
It's been happening already for a few years. Many prominent award-winning faculty are leaving US institutions and setting up brand new labs in top Chinese universities.