At least I'm lucky enough that my VPN is for some reason still not detected as a cloud hosting provider by either cloudflare or netflix.
I do see that with traffic from China (but then blocking ASN from Aliyun and other cloud provider is enough to stop most of it) but I don't really see that from HK. I would say that blocking all traffic from a region instead of just blocking ASNs from cloud hosts is like using a hammer to kill a fly. It might work but you get collateral damage.
And regardless when I do block ASNs, I block uncached resources. What's the point of blocking static pages?
Most network attacks and Spams actually comes from the United States.
So it's not a false narrative. Most attacks and spams do come from China, not the US.
If you have good security practices, you don’t have to worry about the script kiddies. If you have bad security practices, blocking Asia won’t help you.