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China finally lifting ban on game consoles, just in time for next-gen

China's ban on gaming consoles finally coming to an end... just in time, too (NASDAQ:MSFT, NYSE:SNE)
| Business, Financial & Legal News | Posted: Sep 28, 2013 9:31 am

After a massive 13-year ban on gaming consoles, it looks like China is about to open the flood gates to all consoles. Rewinding the clock back to 2000, we saw the country put a ban on gaming consoles because of the influence violent and mature games could have on the youth of China.

 

china_finally_lifting_ban_on_game_consoles_just_in_time_for_next_gen_04

 

We heard about the Shanghai free-trade zone, which the console ban being lifted is all a part of. In order for gaming consoles to be sold in China, game developers and console retailers will need to set up shop in the free-trade zone in Shanghai, pending official approval they can sell their products to the mainland market.

 

Microsoft has already sprinted to the market, striking a deal with Chinese company BesTV in order to develop games in the free-trade zone. The free-trade zone is opening up in Shanghai on September 29, which should see billions upon billions of dollars being pumped into the industry.

NEWS SOURCES:Techspot.com

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