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[Thick Thighs Save Lives]

Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the market value of local titans.

The link to the draft rules was no longer accessible as of this morning, Haitong Securities reported earlier on Tuesday. Shares of Tencent and NetEase jumped on the news. “This could possibly indicate that there will be further changes in the new measures,” wrote Haitong analysts in the note, accessed via S&P Global Market Intelligence.

The move follows Beijing also removing a key official – the head of the publication bureau of Communist Party’s Propaganda Department – over the handling of the release of the draft rules, which caught investors and gaming giants by surprise.

Local media reported in recent weeks — after the wipeout — that authorities may be open to walking back on some of the proposed rules.

Last month, China’s video game regulator proposed new measures to curb excessive time and money spent on computer and smartphone games. Specific suggestions included eliminating rewards for daily play that can lead to addiction, as well as restricting in-game purchases to limit spending.

China quietly pulls draft gaming rules from website | TechCrunch

Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of

techcrunch.com

 

[Heisenberg007]

Everyone, buy Tencent's stock now!

 

[Hudo]

It's gonna be Twentycent now.

 

[Cyberpunkd]

Typical totalitarian fashion of sending a message to the industry - "look what we can do, we don't care about wiping millions in value ; you continue to make money because we allow it, you exist because we demand it"

 

[baphomet]

China actually doing what the western world is too afraid to do about how predatory gaming has become.

 

[Angry_Megalodon]

China actually doing what the western world is too afraid to do about how predatory gaming has become.

Do you want politicians ruling videogames? Because they "care" so much for people's interests, yeah.

Cinema is in crisis because of the meddling of ideological / political agents whose only purpose is to destroy it.

No, I don't want any authoritarian deciding for me how I spend my money. What comes next? Who do we sleep with?

As for this particular case, even an evil regime like China has realized it's fucking dumb to kill businesses that favor them in the entertainment industry.

 

[nush]

CCP only walked this back because their economy is in so much trouble now. They are pulling so many moves right now to prop it up.

 

[SmokedMeat]

China actually doing what the western world is too afraid to do about how predatory gaming has become.

So you posted without reading anything? China did a complete 180 once it hurt those predatory Chinese companies.

 

[kurisu_1974]

China actually doing what the western world is too afraid to do about how predatory gaming has become.

Or maybe some parenting could fill that void.

 

[Nankatsu]

So they realized that trying to regulate gacha would be troublesome for their chinese companies? What a surprise.

 

[knguyen]

They pulled it because it was not stricted enough, it did not represent the "great vision" that Communist party designed for its people. Don't you worry though, they'll come out with a worse one than the one they pulled. Another possibility is Tencent has some associates inside the communist party that manage to get that thing pulled, or they would have to pay a lot of "lubrication fee" to many comrades.

 

[StereoVsn]

Do you want politicians ruling videogames? Because they "care" so much for people's interests, yeah.

Cinema is in crisis because of the meddling of ideological / political agents whose only purpose is to destroy it.

No, I don't want any authoritarian deciding for me how I spend my money. What comes next? Who do we sleep with?

As for this particular case, even an evil regime like China has realized it's fucking dumb to kill businesses that favor them in the entertainment industry.

And that’s especially so considering youth unemployment over there. They already killed off education prep industry and severely harmed software industry (CCP big bosses don’t consider software important besides AI).

A lot of college grads used to go to education, software dev, etc…. And the latest changes put even more of a freeze in the sector.

Thing is the way CCP works under Xi, party bosses are encouraged to be stricter and more conservative. So the official probably thought he had party support as shit is very opaque and hard to interpret.

So regulations will still come in just scaled down. They can always change their mind later on anyways.

 

[00_Zer0]

China actually doing what the western world is too afraid to do about how predatory gaming has become.

Let parents take care of their own children, not the government. Those who are adults can make their own decisions about their own gaming habits.

 

[StereoVsn]

Let parents take care of their own children, not the government. Those who are adults can make their own decisions about their own gaming habits.

Eh, there should be some limits. Some folks have addictive personalities. That’s why we have limits in gambling.. although these get keep being washed down.

Anyways, having these sorts of gambling mechanics in games for kids can negatively affect their development. And a lot of parents either don’t know enough or don’t care enough. So some regulation can be good.

Of course CCP style regulations if swinging a stick against the whole piñata and breaking it is something else entirely.

 

[Loomy]

Typical totalitarian fashion of sending a message to the industry - "look what we can do, we don't care about wiping millions in value ; you continue to make money because we allow it, you exist because we demand it"

Not quite what happened. Someone fucked up and they're fixing it.

 

[Cyberpunkd]

Not quite what happened. Someone fucked up and they're fixing it.

 

[FalsettoVibe]

Let parents take care of their own children, not the government. Those who are adults can make their own decisions about their own gaming habits.

I don't 100% agree with this. Sometimes government has to step in. Everyone with reproductive organs isn't always fit to have children.

 

[TheThreadsThatBindUs]

Typical totalitarian fashion of sending a message to the industry - "look what we can do, we don't care about wiping millions in value ; you continue to make money because we allow it, you exist because we demand it"

Er... did you even read the OP?

This is the opposite. The rules were scrubbed and the government official responsible was pulled out of their role.

So basically, China cares more about money than exerting control of its conservative values on its population.

 

[Duchess]

and the government official responsible was pulled out of their role.

.. to later fall from the balcony of the hotel room he was staying in.

Oh sorry, that's Russia.

 

[STARSBarry]

No, I don't want any authoritarian deciding for me how I spend my money. What comes next? Who do we sleep with?

As for this particular case, even an evil regime like China has realized it's fucking dumb to kill businesses that favor them in the entertainment industry.

I assume you currently have zero barriers and you can go off to buy crack cocaine or opium from your local dispensary with a friendly wave as you pass your local 18 and below pornography vendor given this comment.

Yes truly no barriers in the entertainment industry, they can be trusted to self regulate, its worked wonders so far.

I enjoy watching how Chinese overreach effects an economy. It gives you a live test that most western countries wouldn't touch, the fact some of them are already touching though suggests that China or not some form of regulation on this is inevitable... and it's not like we get any phone games worth playing right now.

 

[kurisu_1974]

I assume you currently have zero barriers and you can go off to buy crack cocaine or opium from your local dispensary with a friendly wave as you pass your local 18 and below pornography vendor given this comment.

Yes truly no barriers in the entertainment industry, they can be trusted to self regulate, its worked wonders so far.

I enjoy watching how Chinese overreach effects an economy. It gives you a live test that most western countries wouldn't touch, the fact some of them are already touching though suggests that China or not some form of regulation on this is inevitable... and it's not like we get any phone games worth playing right now.

What a take on what the other guy said, Jesus.

 

[STARSBarry]

What a take on what the other guy said, Jesus.

hey man it's mine and his right to spout these sort of hot takes as a sovereign citizen. No barriers here.

 

[yurinka]

Typical totalitarian fashion of sending a message to the industry - "look what we can do, we don't care about wiping millions in value ; you continue to make money because we allow it, you exist because we demand it"

Not quite what happened. Someone fucked up and they're fixing it.

I assume you currently have zero barriers and you can go off to buy crack cocaine or opium from your local dispensary with a friendly wave as you pass your local 18 and below pornography vendor given this comment.

Yes truly no barriers in the entertainment industry, they can be trusted to self regulate, its worked wonders so far.

I enjoy watching how Chinese overreach effects an economy. It gives you a live test that most western countries wouldn't touch, the fact some of them are already touching though suggests that China or not some form of regulation on this is inevitable... and it's not like we get any phone games worth playing right now.

Er... did you even read the OP?

This is the opposite. The rules were scrubbed and the government official responsible was pulled out of their role.

So basically, China cares more about money than exerting control of its conservative values on its population.

Guys, their simply released a draft. Then got feedback from the related industry and will use it to tweak it removing or toning down what they consider needs to be removed or toned down. Not very different to what is done here.

Many things mentioned there already were implemented, or weren't going to affect almost anybody. There's only a small part that really going to affect the gaming industry, maybe they will tweak or remove that part. Or maybe will simply delete there draft. We'll see in a few days.

 

[Cyberpunkd]

Guys, their simply released a draft. Then got feedback from the related industry and will use it to tweak it removing or toning down what they consider needs to be removed or toned down. Not very different to what is done here.

Many things mentioned there already were implemented, or weren't going to affect almost anybody. There's only a small part that really going to affect the gaming industry, maybe they will tweak or remove that part. Or maybe will simply delete there draft. We'll see in a few days.

You are applying standards of a democracy to a totalitarian regime. It's never so easy as "we have listened to feedback, we will make necessary changes, thank you for the input". The policy will always be subservient to political thought of a given time.

 

[DannyDanger]

Nice my net ease stock is up

 

[ByWatterson]

China actually doing what the western world is too afraid to do about how predatory gaming has become.

China actually doing what the western world is too afraid to do about covid.
China actually doing what the western world is too afraid to do about population control.
China actually doing what the western world is too afraid to do about forced abortions.
China actually doing what the western world is too afraid to do about crime.
China actually doing what the western world is too afraid to do about suppression of unpopular politics.
China actually doing what the western world is too afraid to do about concentration camps.
China actually doing what the western world is too afraid to do about slave labor.



TFOH

 

[yurinka]

You are applying standards of a democracy to a totalitarian regime. It's never so easy as "we have listened to feedback, we will make necessary changes, thank you for the input". The policy will always be subservient to political thought of a given time.

It is how they work. There are politicians who get voted (but always inside their rules and interests), they make a draft, there's a debate and change stuff before they release the new law.

But as happens in our countries, all these politicians are backed/controlled by a group that isn't voted. In our case it's the puppet A or the puppet B of the lobbies, which in both sides are the US vulture/hedge funds, US military industry, big farma or oil and gas companies etc. Which at the same time they are controlled by a few people. In their case is the same but the state controls most of these top companies,, and instead of acting as if the main party A and main party B aren't in the important things exactly the same (to defend the interests of their lobbies), they have a single one: the CCP.

Go and talk to the Guantanamo priosioners or people of Gaza about our democracy, or to all the countries that have been destroyed by bombs or had coup d'etats funded and organized by our countries.

 

[Raonak]

Giving corparations free reign to fuck everybody for profits, is just as bad as giving a government full reign to fuck everybody.

Balance is everything.

 

[Last Hearth]

Giving corparations free reign to fuck everybody for profits, is just as bad as giving a government full reign to fuck everybody.

Balance is everything.

Chinese government is not out there to protect the consumer from the corporations, they're there to control everyone. Do you think their laws which says children under 18 are only allowed to play games 3 hours a week, 1 hour a day on Friday/Sat/Sunday, is because they care about the consumer?

 

[knguyen]

China actually doing what the western world is too afraid to do about covid..

Imagine getting your whole family rounded up and put in the concentration camp with the sick then end up all dead just because one of your family member may have been in contact with someone who might have been in contact with someone else who might be sick.

 

[Pejo]

I'm conflicted on this. On one hand, the less CCP involvement in gaming, the better. On the other, most of the changes they were proposing were good for players/people in general, in regards to online gambling and predatory practices in monetization.

Ah well, Tencent money made sure that they aren't gonna have to change/improve after all.

 

[Raonak]

Chinese government is not out there to protect the consumer from the corporations, they're there to control everyone. Do you think their laws which says children under 18 are only allowed to play games 3 hours a week, 1 hour a day on Friday/Sat/Sunday, is because they care about the consumer?

Well, they aren't doing it for profits or to appease their corparate overlords thats for sure.

In their lawmaker's eyes, they are protecting their consumers.
Sometimes it's dumb laws like the under 18 gaming laws.
Other times it's good laws, like the ones regulating ingame monetisation.