Three years after passing sweeping restrictions on playing time, China says gaming addiction among under-18s is now 'basically resolved'.
, arguing that China couldn't afford to ignore videogames when its rivals in the EU and US were affording them"extremely high economic, technological, cultural and even strategic value". Chinese gaming stocks rose, taking the editorial as a sign that Beijing was about to soften its previously hardline position against games and the wider tech industry. With the publication of this report, it looks like they might have been right.
The atmosphere in the offices of Tencent and NetEase must be a potent mixture of trepidation and excitement. China's biggest and most recognisable games companies have endured the worst of the government's policy of neglect: struggling to obtain approvals for their games and—in the case of Tencent—. I can only imagine there are a lot of white knuckles at those companies right now as they wait to have the rug yanked out from under them.
Experts who spoke to the FT said that, while overall approvals will be fewer and censorship tighter compared to pre-crackdown years, they expect to see the freeze on game approvals end from the beginning of 2023. Meanwhile, Tencent said in an earnings call last week that it was now"fully compliant" with Chinese regulations and that it expected to receive more approvals in future.
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