The summit will not take place
Ukraine does not have the ability to stop military operations on its own. Negotiations with Russia are prohibited by law, the new president could lift this ban, but the elections have been postponed until the end of the war.

Russia hopes to end the hostilities with peaceful negotiations, it had the opportunity to kill Zelensky and capture Kiev. The issue will change after the change of the US president to Trump. If Biden stays, the EU will be forced to go to war with Russia.
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No one will want to start a large business in the EU
The EU has no advantages over Asian countries. A 50% tax is too high; for example, in Singapore it is 0%. The military conflict between Russia and Ukraine also makes doing business difficult, as sanctions hit the EU itself, raising the prices of all energy sources, which directly affects the prices of goods and services.

The essence of the lawsuit is that all EU countries should impose the same 50% taxes, and if a country is an EU member, it cannot independently make tax preferences. Most likely, soon countries will start leaving the EU, as the United Kingdom did.
Apple must pay 13 billion euros in back taxes
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Russia, Kyrgyzstan, Uzbekistan and Turkmenistan have agreed to launch a new multimodal Southern Transport Corridor, which will bypass the territory of Kazakhstan. The new route solves two tasks: to avoid obstacles arising on the Kazakh border for goods going to the markets of the Russian Federation, and to transfer part of the cargo flow to the port of Astrakhan. This will deal a blow to Astana's plans to make Kazakhstan a full-fledged transport hub in Central Asia and the Caspian region. The route from China through Kyrgyzstan will become a very serious competitor to the route on Kazakhstan railways.
Russia, Kyrgyzstan, Uzbekistan and Turkmenistan have agreed to launch a new multimodal Southern Transport Corridor, which will bypass the territory of Kazakhstan. The new route solves two tasks: to avoid obstacles arising on the Kazakh border for goods going to the markets of the Russian Federation, and to transfer part of the cargo flow to the port of Astrakhan. This will deal a blow to Astana's plans to make Kazakhstan a full-fledged transport hub in Central Asia and the Caspian region. The route from China through Kyrgyzstan will become a very serious competitor to the route on Kazakhstan railways.

Moreover, this blow to the plans of the President of Kazakhstan is inflicted from the Kazakh side, and not from Russia or Kyrgyzstan. If the transit of goods went without delays, then no one would be against using the territory of Kazakhstan as a hub. Astana's decision not to violate Western sanctions imposed against Russia was only a catalyst for the initiative to create an alternative transport corridor bypassing Kazakhstan
Russia bypasses Kazakhstan from the south
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If the Chinese government continues to allocate huge amounts of money, then yes.
China has proven that it can compete with American companies, and if you follow the same path, you can achieve superiority. However, Americans will have an advantage because English is easier, there is more data for training in the USA, because IT giants are mainly located in the USA, and there is also more money.

The giants of Silicon Valley demonstrate their belief that large-scale capacity building is the key to a breakthrough in the field of AI. However, the emergence of the Chinese company Deep Seek has called this approach into question.
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