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China regulators appear to backpedal from video game crackdown, NY Times says

China regulators have appeared to backpedal from its plan to reduce how much money people spend on online video games after the proposal tanked video gaming company stocks and raised doubts of its commitment to revive China’s slowing economy, Vivian Wang of The New York Times reports. The drafted rules have disappeared from the National Press and Publication Administration website, the agency overseeing the proposal. The agency, however, did not issue any notice of retraction. Publicly traded companies in the space include Tencent (TCEHY) and NetEase (NTES)

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