China reverses its decision to restrict online games: but why?
December 26, 2023
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The Communist Party, which rules China, announced last week that it would make new decisions regarding the video game world. Made one billvideo games were subject to slightly
The Communist Party, which rules China, announced last week that it would make new decisions regarding the video game world. Made one billvideo games were subject to slightly more restrictions across the country. However, China’s international video game companies suffered huge losses, as did the government Take a step back LED.
The Chinese government in particular has long been obsessed with online gaming. If a decision is made in 2021, children will be able to do so too only 3 hours They could play games. Additionally, government approval is required to be able to publish a game in China, and in 2021 the process that allows new games to be published will be fully completed. Stopped for 8 months It was decided. The decisions taken last week included similar restrictions.
Many restrictions would still be imposed
In the statements of the National Press and Publication Administration, China’s official agency that regulates games, online game developers They cannot offer daily tasks reported. Additionally, developers would warn players who have played the games they published for longer than a certain period of time. Here is the bill with such decisions in international markets. responded.
Following the announcement of the bill, shares of Chinese gaming companies began trading on giant exchanges in both China and the US. depreciation made it happen. Tencent, one of the largest Chinese gaming companies in the world, experienced a 16 percent loss in value within hours. Another Chinese developer, NetEase, 25 percent He experienced losses around . Experts estimate the total loss at tens of billions of dollars.
The government still had to allow 105 votes
The Chinese government has taken action based on the responses and issued a new statement today. The statement made states: for 105 more games It was stated that clearance for playability had been given. In the statement of the National Press and Publication Administration of China: To promote the prosperity and healthy development of the online gaming industry was expressed. It’s up to you to believe this or not…
It’s clear that the video game industry is getting bigger and bigger every day. What happened in China was that such a large sector could not even be controlled by a communist government. how you brought him to his knees It is very important to show. Let’s see if China will completely abandon this decision in the coming days or drag the industry into a bigger crisis.
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Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.