China considering ending 13 year console video game ban

China is considering the possibility of ending its 13-year ban on video game consoles, according to a regional newspaper, paving the way for Nintendo, Microsoft and Sony to make millions in the monumental market.

China is considering the possibility of ending its 13-year ban on video game consoles, according to a regional newspaper, paving the way for Nintendo, Microsoft and Sony to make millions in the monumental market.

 
A Chinese newspaper made the claim, suggesting the restrictive regime is planning a major U-turn that could give console companies a significant boost just as smartphones and tablets are stealing away customers.
 
“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,” said an unnamed source at the Ministry of Culture, according to The China Daily. “However, since the ban was issued by seven ministries more than a decade ago, we will need approval from all parties to lift it.”
 
 China considering ending 13 year console video game ban
 
The hinted change of policy follows on from the safety certification of the PlayStation 3 last November, which many saw as a precursor to the lifting of the decade old console game ban.
 
The restrictions were imposed to protect the mental and physical development of children, according to the Beijing government, but it looks like they see the value in gaming now – or at least the financial aspect of it.
 
However, one official at the Ministry denies the report, suggesting it is not considering lifting the ban. Console makers have also been tight-lipped on the news, but shares have risen by as much as eight percent as investors salivate over the huge population of gamers in the country.
 
Source: Reuters