I personally know a lot of Chinese origin STEM talents who would love to stay in the US but there are two things working against them. Number one is the horrendous job market despite whatever bull shit number the White House has been cooking up for the past year or so. Number two is ass hole politicians like DeSantis doing their best to make Chinese nationals unhireable in the US for cheap political brownies points. Screws the jackasses across the political isles and may their careers crash and burn like those of many of my colleagues.
Anecdotally, I can say that many recent graduates are quite practical. The ones who can find employers in the US willing to sponsor their visas mostly stay in the US (for as long as that is true). The ones who can't have no choice but to return home. In recent years, fewer and fewer people fall into the first category (for reasons both economic and political) while more and more fall into the second.