Is this a historic event or something that doesn't affect the video game community at all?

Will we see an influx of devs from China?

I would love to hear everyone's thoughts.

Nothing, because the grey market is well established and remains cheaper than the official prices.

Everyone with enough money for a console and its games in China could get one.

There already are some big Chinese devs on the market.

The Xbox One is gonna dominate the chinese market...lol

Growing Chinese middle class, who knows.

I think that the actual ban was completely lifted after testing their censorship system in Shanghai. It worked, if aggressively so.

How easy it will be to get discs from HK, or use a VPN to get the HK store, I have no idea.

If the rumoured 500k PS4's and X1 combined numbers are true, I honestly think that's a great number and a great place to start on a first entry to a new market.

3DS and even Vita could be good.

Hard to tell..

Grey market or not, it's a new frontier.  Despite all the pirating and bootlegging there, it's China, with the population, with the surge of economic wealth, it's a stake only waiting for a strong gold miner to take.  I'm not saying it's easy, but it seems to me that discounting the Chinese market is foolish.  If consoles continue to be put into the market well after the ps4 or ps5 or even the ps6, by then, the chinese market would be a real contendor.  That is of course if regulations are beefed up and piracy is cracked down on. 

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Btw, for anyone genuinely interested in PlayStation in China then please check out and read the entirety of these three threads-

http://www.neogaf.com/forum/showthread.php?t=1014469

http://www.neogaf.com/forum/showthread.php?t=1078102

http://www.neogaf.com/forum/showthread.php?t=1039330

What's the India console market like? You could probably extrapolate from that a bit. The Chinese middle class is probably more affluent and growing larger than India's. But on the flip side, India has no one child policy, so the Indian middle class may have a comparable number of kids and teens who are the entry-level market for consoles.

Still even if the Chinese market is double that of India, given India is counted in Rest of World on VGC for sales it would seem India is not all that big of a market. In fact none of the highly populous developing countries are substantial console markets. At the moment rest of world is ~1/3 of the Europe market for PS4, about 1/2 the size of the Europe market for XB one and just over 1/4 the size of the Europe market for Wii U. The RoW market combined excluding china has a population base much larger than China. So best best best case scenario is China adding an extra 50% sales of the current RoW sales. And I doubt it will be close to that. Sales not to be sneezed at, but also not market transforming either. I suspect PC gaming will be the mainstay of gaming for some time yet, since digital downloading of games is not a closed (and hence easily censorable) eco-system like it is with PSN, XBL and the Nintendo one.

well, China has a very large population, over 1.3 billion to be exact. not to mention their ban has been blocking video games for years. they didnt even get the 7th gen consoles. (correct me if im wrong). that opens up a LOT of new people to advertise and sell games to. definitely a good thing and who knows? it could be a game changer in the video game industry