Chinese Government Investing $1.8 Billion in Online Gaming

Already one of the fastest growing markets for online games, China is going to be getting help from its government, which plans to spend a great deal of money to fund video game development centers in Beijing, Shanghai and elsewhere. Upwards of 30 new online game companies may launch in the next three years.

The govt. has announced a plan to spend $1.8 billion to help expedite the development of as many as 100 different kinds of online PC games over the next five years.

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