From PC Mag: China's billion-strong population loves to game which is why it comes as no surprise China is the world's largest gaming market valued at $37.9 billion. But there's a big problem we are only now learning about: the Chinese government has stopped approving new game licenses, and it hasn't done so for months.
As Bloomberg reports, there's is currently a "restructuring of power" among the different departments of the government in China. It has resulted in new game licenses being frozen until the restructuring is complete. In the past, two departments have handled game licensing: the National Radio and Television Administration (NRTA) and the Ministry of Culture and Tourism (MCT).
The NRTA hasn't granted any new game licenses for four months while the MCT is thought to have greatly enhanced the requirements for obtaining a license, so there's far fewer of them being issued. It seems unlikely this situation will change any time soon as those in leadership positions are very reluctant to show any initiative and take what they see as unnecessary risks sorting out the problem and implementing new policies.
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