China has changed its mind about strict gaming rules aimed at controlling excessive gaming.
The proposed regulations, which included limits on money spent and time played, have disappeared from the National Press and Publication Administration (NPPA) website.
China, a major player in online gaming, saw its gaming companies’ stocks, like Tencent and NetEase, rise after this reversal. However, analysts caution that the gaming industry still faces uncertainty.
The government’s previous crackdowns led Chinese developers to focus on international games, and it’s unclear if the current uncertainty will prompt more global expansion.
Information from BBC.
https://www.bbc.com/news/technology-68068440