China lifts 14-year-old ban on gaming consoles

China has lifted its longtime ban on video game consoles, opening a lucrative new market for manufacturers including Sony, Nintendo and Microsoft.

Citing potential for moral decay and worries over violent content, the country banned the sale and manufacture of consoels and games in 2000, according to a CNNMoney report.

In the absense of console-based gaming, PC, online and mobile gaming flourished in China.

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