Shares for Sony and Nintendo have risen since it was announced that China may end its 12-year ban on game consoles, Eddie Makuch reports on Jan. 28.
The state run China Daily (via Bloomberg) reports that “the country’s Ministry of Culture is holding discussions to consider ending the ban on game consoles.” It enacted this plan back in 2000.
Back then, the country’s reasoning for banning games was for the potential risk they presented to the mental and physical development and health of young people. In order to lift the ban now, the report continues, the seven original Chinese ministries that enacted it would have to agree to end it.
“The news sat well with investors,” Makuch writes, “as Sony and Nintendo shares rose in Tokyo 9.1 percent and 3.4 percent, respectively. Microsoft is not listed on the Tokyo Stock Exchange.”
Representatives from Sony and Nintendo did not comment. Microsoft, though, had this to say: “We are always evaluating how and where to expand Xbox availability to other parts of the world, but have no additional comment at this time.”
For more information, check out Eddie Makuch’s article over at Gamespot.
Comments