Elsewhere on HackerNews there are discussions about how GDPR regulations affect the internet entirely - not just in the EU. And there are famous examples how California environmental regulations bring up the quality of products US-wide so everyone benefits from safety and consumer protections not just people in california. In both cases, this is because it's easier to just have ONE version of a product if your market…
Maybe the correct solution would be to symmetrically block China's businesses in US and EU, so they would have to abandon either censorship or export of services