China Ending 13-Year Ban of Games Consoles?

Authorities in China are reviewing the games console ban that has been in place since 2000.

There had been fear that video games would have a negative effect on the Chinese adolescents both mentally and physically. This caused the Chinese ministries to block the sale and import of the consoles in China.

An unnamed source, via China Daily, has said “”We are reviewing the policy and have conducted some surveys and held discussions with other ministries on the possibility of opening up the game console market,” he also added that “”…since the ban was issued by seven ministries more than a decade ago, we will need approval from all parties to lift it.”

The possibility of the ban being lifted has reportedly seen an increase of stock for both Sony and Nintendo, according to Bloomberg  Sony’s stock increased 9.1 percent in Tokyo trading to 1,407 yen. Nintendo added 3.4 percent to 9,630 yen. A Tokyo based analyst, Mitsuo Shimizu said that “It would open up a new and huge market for the video-game makers.”

As the law was passed by seven of the Chinese ministries and the ban would only be lifted if all of them agreed, don’t be surprised if there ends up with no change at all. However, the prospect of the major console manufacturers selling their hardware in a new region would be fascinating.

http://invalidopinions.com/2013/01/28/china-ending-13-year-ban-of-games-consoles/