CCP Issues Contradictory Policies on Chinese Gaming Industry, Causing Sharp Stock Market Fluctuations
Published on December 31, 2023
The Chinese communist regime has sent mixed signals by issuing contradictory policies within less than two weeks to regulate China’s $42 billion domestic online video gaming industry, causing stock market fluctuations. Experts have pointed out that the flurry of policies are for the ruling communist party’s political control and potential military purposes. At the Chinese Communist Party’s (CCP) annual Central Economic Work Conference on Dec. 12, the party said the central government will put out “more policies to help stabilize expectations, growth, and employment,” setting economic growth as its “top priority” in its technology industry. In response, stock prices for gaming companies went up for a few days....