I disagree.
We fundamentally are shrinking.
China is growing.
Not good.
China is not growing. Their GDP and growth rate are inflated by government agencies fiddling with the numbers and projects such as building ghost cities, never mind several other bubbles. If anything, they’re stagnant and in danger of sudden collapse.
Everyone is entitled to their own opinion but not to their own facts. China is growing...far less than they had been and according to Communist Accounting Rules.
The US is most certainly not shrinking in any way. “Fundamentally” or not, whatever you mean by that.