China can regulate more effectively than the EU. They have actual concentration camps. Look at Jack Ma. The EU has cookie banners. That’s not regulation, it’s a speed bump.
Consider that the US cannot manufacture things because our environmental and labor regulations are so strict as to make it impossible. The idea that America doesn’t have regulations is not accurate. We have regulated the regulation, so it appears less regulatory but it is not.
I’m saying the notion that China doesn’t regulate is ridiculous. If it is true that America leads rather than produces, it is precisely because it has embraced regulation to protect workers and groundwater.
Seems like this holds true more generally.
The manufacturing is happening in China, the decisions are being made in North America, and the regulation in the EU.
Its like direct (US), produce (China), react (EU)