Sorry to bring it to you folks, but this is not how you build a competitive industry. You put properly though-through legislation in place if you want EU to be competitive with US and China. Not regulations, for f sake.
I personally want a sane, stable and consumer-friendly market, no unicorns but strong consumer laws and enforcement against mispractice of businesses towards people and the environment. We are far from it but I think the EU is the closest to an entity acting like that and being predictable.
The US chases the dollars at all costs and China similar but depending on the party lines of the decade.
sounds basic but the problem for me is that the internet law in china is very restrictive.
on top of that, in the uk and in china, the government will lock you in a cage unless you give them the encryption keys.
so if i was using alibaba cloud, i would have to play hopscotch trying not to tread on various legal landmines and it's not so attractive for me.