yea, iron fist has always been a rich white guy, the "iron fists" of previous was also a white guy, and apparently (i didn't really pay attention and was like wtf...) the iron fist ppl (basically magical chi asians) have been fighting phoenix forever and the something, something, hope summers, a white girl is iron fist/learns to focus chi and is trained by spiderman, cuz great responsibility... (i think in a flashback they showed a red-headed white girl become iron fist as well)
fck if anything shang chi is more racist(he was also first), his ability to, "focus chi", that's his fucking name!
that's like saying Iron Man's secrety identity is Tony Iron.
Also growing up asian and living in ny for 20 years, i've never met a single asian either americanized or a FOB(fresh off the boat) that has any "shang" in his/her name.
it's like the creators just said, "we need an asian name for this guy? what's asian?" "china?" "no china-chi doesn't work too racist" "shanghai?" "well we could call him shang-chi!"