The plan is the latest move to tighten government oversight over the country's highly popular video game industry u00c3u00a2u00c2u0080u00c2u0094 and a new blow to their stock market fortunes
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Shares of Chinese video game companies plunged after the government unveiled plans to control the number of online games as part of an effort to prevent myopia among children.
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The plan is the latest move to tighten government oversight over the country's highly popular video game industry — and a new blow to their stock market fortunes. The new regulations were announced after Chinese President Xi Jinping issued an "important directive" to protect children's eyesight. The education ministry said that the authorities will regulate and control the total number of games and new titles.
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