“New rules including spending limits for online games, a ban on games from rewarding players for logging in every day and a ban on lucky draw features from being offered to minors were announced by regulators last week, sparking panic among investors.”

The first wave of limitations on how long kids can play games (limited to like 3 hours a week or something) turned out not to be very effective. Kids would either use their parents account or find some other way around it. This second wave of time limitations (I think it’s something crazy like one hour, only on weekends) will probably also not be very effective.

But the limitations of the daily incentives and gambling seems like a very good idea.

And overall, I’m puzzled why China seems to be hindering one of their biggest sources of income. Foreign investments are plummeting and the country is already facing a massive housing market crash. They need all the income they can get right now, so this seems like a pretty dumb move. But hey, I’m not a fan of China, so I’ll be sitting here with my popcorn to see how it plays out