The plan is the latest move to tighten government oversight over the country's highly popular video game industry â and a new blow to their stock market fortunes
Shares of Chinese video game companies plunged after the government unveiled plans to control the number of online games as part of an effort to prevent myopia among children.
The plan is the latest move to tighten government oversight over the country's highly popular video game industry — and a new blow to their stock market fortunes. The new regulations were announced after Chinese President Xi Jinping issued an "important directive" to protect children's eyesight. The education ministry said that the authorities will regulate and control the total number of games and new titles.
Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and apps to get latest updates
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever