But the rise in technology also demands a level of responsibility. In this case, I have to sideline China's arguments a bit. China must device some plans and methods to do away with debris.
How about reusable launch vehicles that land back after the launch like SpaceX?
Microsatellites such Elon Musk's Starlink sats, pose more problems than benefits. They number by the hundreds if not thousands. Modern electronic components have limited lifespan, maybe at most 15 years. So who will put the bill in removing those microsats once they reach their end of lives. These microsats should be banned altogether.
Here is a Kurzgesagt presentation how these space junks might lead to catastropic chain reaction that will make future space exploration very difficult for centuries once this space junk problem is not solved.