ZDNet - Chinese Ministry of Culture official confirms foreign game console makers can now sell their wares in China if they register in Shanghai's free trade zone, but denies the country's 12-year ban will be completely lifted.
As someone who's been a China ( Stayed There For 5 & Half Months ), All consoles are being sold there, though not legally. The only impact this will have is, that the ridiculously high prices will go down & more people will be able to buy them, instead of the locally made rif-off's.
Made in China - Is now sold in China.
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