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Chinese authorities announced support for the local gaming industry

Amid the announcement, the shares of gaming companies are skyrocketing.
Chinese authorities announced support for the local gaming industry

Over the past couple of years, the PRC authorities have stood out by tightening the rules regarding games, but some time ago the opposite news came from the country. It is reported that officials from China announce support for the gaming industry and the further development of this area with the allocation of funds for these purposes.

The source material indicates that the Chinese authorities are aware that games entering the country from the West are a medium of soft propaganda that must be combated. How to do it? Of course, to release their own games, which should be better than their foreign counterparts.

Against the backdrop of this news, shares of gaming companies from China rose significantly. What will this mean for us? At a minimum, an increase in the number of projects with an Asian bias.

Author
Edward Dmitriev
Date of publication
22 November 2022