Welcome to Foreign Policy’s China Brief.
The highlights this week: A call for regulation of video games causes stocks to fall, China responds to the delta variant with a full-court press, and why boy band star Kris Wu’s arrest could presage others.
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Are Video Games in Regulators’ Crosshairs?
A single article in a Chinese state media outlet caused internet giant Tencent’s stock price to fall by more than 10 percent on Tuesday. The piece in Economic Information Daily, a newspaper owned by state agency Xinhua, called for greater regulation of video games, which it described as “spiritual opium”—a politically potent term that echoes past ideological denunciations.
In a market left jittery by the ongoing regulatory war on private enterprises, especially technology firms, the article prompted fears that the government would