Kate Thomson (center) with friends outside the Underground, an LGBT-friendly bar she manages in Chengdu that hosts a weekly pride night. (Photographer: Ka Xiaoxi for Bloomberg Businessweek)

A $300 Billion Rainbow Economy Is Booming in the Middle of China

(Bloomberg Businessweek) -- It’s 11 p.m. at AMO, an underground lesbian nightclub in Chengdu, and 17 women—in androgynous clothing, their hair closely cropped—line up at the front door to welcome p...