China Is Softening Stance on Gaming After $80 Billion Rout
-- China approved 105 domestic games on Monday, the latest indication that Beijing is softening its stance after its move to tighten industry restrictions led to a $80 billion rout last week.Manchester United Saga Ends With $1.3 Billion Ratcliffe Deal. Trump Tells Appeals Panel He Should Have ‘Absolute Immunity’。US Accuses Iran of Indian Ocean Attack as Shipping Threat Grows. Nigeria Seeks Control of Banks Linked to Ex Central Banker. Wall Street Learns That This Year, Nothing Beat Owning the S&P 500. Chinese officials rekindled fear that they will start another round of tech crackdowns after top gaming regulator National Press and Publication Administration announced on Friday new rules to limit the development of online games, including an unspecified cap on spending by adult players.“The latest events reflect the government’s desire for a larger, more diverse gaming landscape with innovative content of a higher quality but one without excessive monetization or ‘pay-to-win’ games,”