It's like they gave up on trying to actually innovate or grow a tech industry (composed of more than the odd successful euro tech corporation) after years of trying and now they are just banking on their market size to push more and more ridiculous legislation.
I can't wait for that to backfire, or for corporations to not bother anymore (imo the GPDR is the only good thing that came out of this non stop spree of legislation, and that's almost half a decade old now).
At least with China, whatever they do or restrict usually only affects their own home grown tech industry. The funny thing is that if the US gov seriously pushed for something similar to the recent laws (chatcontrol, client side scanning, the weird copyright laws, the "fake news" thing, etc), Europeans would call it fascism or typical American thirdworldism (which is extremely ironic regardless of context).