China temporarily lifts ban on sale of foreign games consoles

BEIJING Tue Jan 7, 2014 4:24am GMT

People attend the PlayStation 4 launch event in New York, February 20, 2013. REUTERS/Brendan McDermid

People attend the PlayStation 4 launch event in New York, February 20, 2013.

Credit: Reuters/Brendan McDermid

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BEIJING (Reuters) - China's State Council has temporarily lifted a ban on the sale of foreign games consoles, paving the way for firms like Sony Corp, Microsoft Corp and Nintendo Co Ltd to enter a multi-billion dollar video game market.

The suspension of the 14-year-old ban permits "foreign-invested enterprises" to make games consoles within Shanghai's free trade zone and sell them in China, providing they gain government approval, the government said in a statement posted on its website on Monday.

The statement gave no further details.

(Reporting by Paul Carsten; Editing by Miral Fahmy)

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