China Reveals New Limits

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Revision as of 15:22, 25 December 2023 by Andura (talk | contribs) (Created page with "{{News |seo_title=China Reveals New Limits |seo_keywords=China |image=Gaming.png |tags=China |date=2023-12-25T13:24:16.000Z |sources={{NewsSource |source=New York Times |url=https://www.nytimes.com/2023/12/22/business/china-online-video-gaming.html |article=News/China Reveals New Limits }} |author=Andura |category=Drama |content=China unveiled preliminary guidelines to curb extravagant spending on online gaming, representing the latest effort by the ruling Communist Part...")
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Written by Dante Uzel on 25 December 2023 13:24

Gaming.png



China unveiled preliminary guidelines to curb extravagant spending on online gaming, representing the latest effort by the ruling Communist Party to assert authority over the virtual economy. This announcement led to a significant drop in the stock prices of major Chinese gaming companies, Tencent and NetEase. The guidelines, issued by China's gaming regulator, the National Press and Publication Administration, state that online games are prohibited from providing incentives for daily log-ins or purchases.

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