China's ban on video game consoles has come to an end
After a long 15 year ban on video game consoles, companies such as Sony, Microsoft, and Nintendo will have the opportunity to manufacture and sell their consoles anywhere within the country of China.
Reading the Fine Print
Although these companies will be able to expand their corporate reach throughout China, there are some strict rules that will apply, set forth by China's Ministry of Culture. The regulations haven't been announced at the moment, but the companies may end up having to jump through hoops to get permission.
These corporations have had previous experience selling their goods in China through the Shanghai Free Trade Zone. That may have been a small limitation in the vast land of China, but at least the companies were able to get their foot through the door, and offer potential growth in the foreign country.
Only Sony has given a comment on the situation and shown gratitude towards the opportunity.
"This is great news for us" - Sony Computer Entertainment Spokeswoman
What are your opinions on this opportunity that has arisen for the video game industry? It's bound to become a game changer with the revenue opportunities that can arise.