Chinese teenagers fret over new limitations on games; investors measure impact on industry | Games

Officials argued that the restrictions were needed to curb the growing addiction to games, and an official Communist Party newspaper said the government had to be “relentless” because online games undermine normal academic life and mental health. of teenagers.

The limitations are part of Beijing’s attempts to promote socialism and tighten controls on society, which it now considers to have become too relaxed after years of laissez-faire growth in technology and other industries.

Young gamers, however, were angry.

“Has this group of grandparents and uncles who make these rules and regulations ever played games? Do they understand that the best age for esports players is in their teens?” said a comment on Weibo, China’s Twitter equivalent.

“Sexual consent at 14, at 16 you can work, but you have to be 18 to play games. It’s really a joke.”

While the blow to game company stocks was relatively modest because kids don’t provide as much revenue, analysts noted that the implications for the industry’s long-term growth are far more severe.

“The root of the problem here is not the immediate revenue impact,” said Mio Kato, an analyst who publishes in SmartKarma. “The problem is that this measure destroys the whole nature of game-playing habit formation at a younger age.”

Burden to game companies

The new rules place the onus of implementation on the games industry and are not laws that will actually result in penalties for individuals for infractions.

Children can get around rules requiring the use of their name and national identification number by registering for games with adult family member registration information.

“It’s about family education, not games,” said a 17-year-old gamer who wanted to be identified only by his last name, Luan.

Some parents like Li Tong, a hotel director in Beijing with a 14-year-old daughter, were excited by the new rules. “My daughter is glued to her cell phone after dinner every day for an hour or two and it’s hard to stop her. We told her it’s bad for her eyes and wastes her time, but she doesn’t listen.”

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