It appears that nationalism has been on the rise in China in recent years, particularly among online communities. Scholars agree that the Chinese government is facing pressure from online nationalistic and pro-democracy forces; however, it is believed that of the two, nationalistic views are the more dominant. Online nationalism is believed to have pushed the Chinese government to be more aggressive in diplomacy. This study challenges this conventional wisdom by finding that online political discourse is not dominated by nationalistic views, but rather by anti-regime sentiments. Even when there is an outpouring of nationalist sentiment, it may be accompanied by pro-democracy views that criticize the government. By analysing more than 6,000 tweets from 146 Chinese opinion leaders on Weibo, and by decomposing nationalistic discussion by specific topic, this study shows that rather than being monolithically xenophobic, nationalists may have differing sets of views regarding China's supposed rivals. Rather than being supportive of the regime, nationalists may incorporate liberal values to challenge the government. Nonetheless, this liberal dominance appears to provoke a backlash of nationalism among certain groups.