Ask HN: Startup Domicile in 2023?

I'm an Aussie, and looking to launch a new startup in the next month. 12 months ago I would have opened a Delaware but the global economy is techtonically shifting with the rise of the Yuan, and overinflated USD. I think I need to seriously consider if anything attached strongly to the US or China is a wise move right now. Nationalistic hats-off if possible, where are the best places to domicile a new startup in the current climate?