Tuesday, April 28, 2015   

Shanghai made game consoles get sales nod
(01-08 15:09)

China has formally authorized game consoles made in a new Shanghai free-trade zone to be sold in the country, potentially opening its lucrative market up to the likes of Sony's PlayStation and Microsoft's Xbox.
The move effectively lifts a more than decade-long ban on domestic console sales – although imports remain officially blocked, while illicit machines are already widely available.
Foreign firms will be allowed to make machines in the free-trade zone and sell the equipment into the domestic market after passing inspection by cultural authorities, China's State Council, said in a statement dated December 21 but publicly released this week.
The State Council has “temporarily'' suspended a regulation introduced in June 2000 on the grounds that, the government said at the time, games had an adverse effect on the mental health of young people.--AFP





   
Other Business breaking news:
Google to help publishers increase news traffic (35 mins ago)
Santander posts healthy quarterly earnings (1 hr 7 mins ago)
US securities regulator pressed to investigate undisclosed risks of Shell drilling for Arctic oil (1 hr 31 mins ago)
StanChart pre-tax profit tumbles by 22pc, loan impairments rise (2 hrs ago)
UK reports economic slowdown (2 hrs 27 mins ago)
China Telecom earnings and revenues fall (04-28 16:35)
Auto parts lift Panasonic income to US$1.5b (04-28 16:24)
Hang Seng inches up at close, Shanghai down by 1pc (04-28 16:21)
European equities tumble (04-28 16:15)
Nikkei closes higher (04-28 16:13)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.