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Race has nothing to do with this. Take "Chinese" out and replace it with literally anything else. They're still billionaires exploiting loopholes.
Birthright isnt a loophole.
If you want to abolish billionaires, you dont need to deal in xenophobic scaremongering to do it; but if you want to abolish birthright, you gotta play all the notes of xenophobia. The billionaire flair is just the lib-spin.
The WSJ publishing this story should tell you everything you need to know about its intent
Edit: otherwise they would be writing about how billionaires are exploiting inheritance