"China Attempts to Reassure Video Game Industry Amid Crackdown Concerns"

China's video game industry is facing fears of another regulatory crackdown, with leading companies Tencent and NetEase experiencing stock fluctuations after proposed guidelines suggested tighter controls. Beijing has taken steps to ease concerns, including firing a prominent official and convening consultations on new measures. The proposed regulations aim to curb spending and engagement on online games, leading to criticism and a stock market sell-off. Leading game developers have been summoned for closed-door seminars to discuss the feasibility and impact of the draft regulations, with the process expected to be completed by the end of January.