Sure but stereotypes are involved in what you think a state owned bank owning 1% of Tencent stock practically means, and what kind of hateful thing you imagine a government that operates on the willing cooperation of millions of people is going to do with it. You don’t need to be racist to hate China, but there are a lot more racists than people who studied Chinese corporate structure and came to a rational conclusion about it.
Unexamined racism. “Collectivist asians” and denying Asian individuality is very normal in the US/Europe. Malcolm Gladwell can write a book saying Koreans are culturally incapable of flying an airplane and it’s fine. When Asians have human emotions it’s normal to turn it into some special exoticized thing like “saving face”. White people are individuals, Asians are a horde, nothing in Anglo culture prepares or encourages people to think about Chinese people as a billion individuals wandering around doing stuff for the same reasons you do. They’re a singular alien unit, if you go to war with Japan it’s only natural to lock all the Japanese people in a camp. Basically every book and newspaper article you’ve ever read talks about them they’re all wired together like the Borg, unless you put a ton of effort into critical thinking there’s no reason to escape that assumption.
If you actually read the thing it’s fine. It just requires phone manufacturers include a parental control function that is CAPABLE of those limits built in without charging extra for it. The parents still have to turn it on and can exempt apps from it or not set it up at all.
The most “authoritarian” part is online services with recommendations are “encouraged” (not actually required) to set up separate age algorithms. Algo for 3 year olds they recommend to be mostly audio and not ADHD video, algo for 8 year olds educational only, 12 year olds “positive” entertainment, 16 year olds “age appropriate”. And they want app store recommendations to not advertise lootbox games at kids.
“Please cut back on the racial slurs.”