This is a very bad brief article imho with a lot of statements out of seemingly nothing and some very questionable claims that are backed by nothing.
Sentences like,
Europeans have, in general, no idea what damage they are inflicting upon themselves with their absurd data protection obsession,
are not only insulting, they show that the author has no idea about a democratic regulations. The author does not even mention the risks to individuals and the society caused by China's permanent surveillance (a good documentary is Total Trust, which "sounds an alarm about the increasing use of surveillance tools around the world").
I would also like to know what makes the author think that "economists think that it is more efficient... to let Europe be a museum", just to name an example. The article is full of bold claims that are backed by no facts nor numbers.
[Edit to insert the link.]