'Regulation' is not a solution for countries that do not answer to the morals of the West, such as Turkmenistan, China, or Russia. Regulation should be demonized, for many situations it ends up being a hammer to a screw.
It's interesting how so much of what we used to consider 'being a decent person' is now 'virtue signaling'. It's the most cynical, worthless meme to come out of the last 50 years and that's saying a lot.
US, EU, UK and friends are still buy most of China's export and no doubt US corporations also capture majority of profits from all polluting manufacturing.