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.
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.