(Bloomberg) -- Chinese regulators summoned gaming companies including Tencent Holdings Ltd. and Netease Inc. to discuss further oversight of the industry and the need to deemphasize profits, prompting a steep share selloff.Tencent, the country’s largest gaming company, dived as much as 6.7%, on track for its biggest fall since July, while smaller rival Netease fell as much as 7.7%.The Publicity Department of the Communist Party of China’s Central Committee, the National Press and Publication Adm
Your read on this being a reaction from older social conservatives likely has good merit.
China has plenty of its own social issues with queer / LGBTQ+ rights (eg gay marriage still being illegal) and is not always going to line up with our own cultural indicators either.
Understanding the context involved with a policy like this allows us to critique it more clearly than the very generalized take on it we’re seeing from most western press.
Given our media’s vested interest in attacking China from any angle they can, I think it’s healthy to not take these stories at face value when they’re first presented to us.
“Old social conservatives in the party being reactionary” is a much more coherent cause to me than “the entire authoritarian Chinese government hates femboys”.
Your read on this being a reaction from older social conservatives likely has good merit.
China has plenty of its own social issues with queer / LGBTQ+ rights (eg gay marriage still being illegal) and is not always going to line up with our own cultural indicators either.
Understanding the context involved with a policy like this allows us to critique it more clearly than the very generalized take on it we’re seeing from most western press.
Given our media’s vested interest in attacking China from any angle they can, I think it’s healthy to not take these stories at face value when they’re first presented to us.
“Old social conservatives in the party being reactionary” is a much more coherent cause to me than “the entire authoritarian Chinese government hates femboys”.
I agree with you and I've said so in other threads, but this is a pretty bad look even if the Western Press is being their usual lying selves.
Completely agree. I suspect it’s a mixture of a legitimate issue + being amplified / potentially exaggerated by the western press.
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