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China Lifts Console Ban, Nintendo Shares Surge
Filed under: NINTENDO, CHINA


Nintendo's shares surged following China's decisions to temporarily lift a sales ban on foreign video games consoles.The government now says it will allow the sales of consoles in the Shanghai free trade zone. Consequently, Nintendo's shares jumped 11% to 15,850 yen on the Tokyo Stock Exchange (TSE).

Back in the year 2000, China banned consoles, arguing that there was an adverse effect on the mental health of young people.

Meanwhile, analysts estimate the Chinese video game console market to be worth tens of billions of dollars.

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