It's certainly subsidized by China, so yes.

Continuing your thought. In the past, wars were fought physically by damaging the opponent. We are at a place in history where we can fight not with fists and bullets, but with entertainment.

Like national rap battles.

Wars were fought over resources: water, oil, food. Now they are fought over games, movies, ... products.

Instead of war winners being those who can inflict the most harm on the opponent, maybe now we can shift that into the winner being the most entertaining.

This could be a good thing.