China drafts new rules proposing restrictions on online gaming
Hindustan TimesChina released draft guidelines on Friday aimed at curbing excessive spending on online gaming in the latest move by the ruling Communist Party to keep control of the virtual economy. China's gaming regulator, the National Press and Publication Administration, issued guidelines saying online games cannot offer incentives for daily log-ins or purchases. Other restrictions include limiting how much users can recharge and issuing warnings for “irrational consumption behaviour.” Shares in Tencent, China's largest gaming company, dived about 16 per cent before recovering some ground to close 12 per cent lower. A state media news outlet described online games as “spiritual opium,” an allusion to past eras when addiction to the drug was widespread in China.