What kind of values are you talking about?
Tbh I wouldn't mind a guest country every year now that Australia opened the gates.
For example, the tolerance.
CCTV broadcasted Eurovision 2013 on 5 October 2013 during National Day holiday (with Krista lesbian kiss censured), and then in December they even broadcasted ESC 2012, when Lang Kun (executive supervisor of CCTV Music Channel) said we would learn from the ESC pattern and Jon Ola Sand expressed his satisfaction and optimism for ESC being viewed by the most populated country of the planet.
But after all these cooperation moves until now CCTV shows no plans for ESC 2014 broadcast, even if Chinese culture is widely mentioned in the Grand Final, because a travesti Conchita Wurst won the contest, and called for unstoppable fighting for tolerance.
Had he not won, CCTV would censure his entry just as if he did not qualify, just as what Azerbaijan did to Armenian entries, but he won, as you can't eliminate the winner from the game, CCTV apparently gave up the broadcasting of ESC 2014.
This is the value, tolerance, that we find it so hard to accept.