My understanding is that it doesn't apply to Europeans not in the EU at the point of processing. The GDPR would apply to Chinese companies providing services to

My understanding is that it doesn't apply to Europeans not in the EU at the point of processing. The GDPR would apply to Chinese companies providing services to EU residents. I am certain the Chinese courts would not enforce GDPR, but EU courts may enforce it against Chinese companies within their reach by e.g. cutting them off from EU markets or confiscating assets held in the EU.