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I disagree. The console gaming will be just fine.

But the fact is, None of the big three got the permission to sell consoles in China. The Chinese gaming market is already huge, makes up about 12% of the world gaming market last year, and set to overtake USA as the biggest by 2014 according to some researchers.

 

http://blogs.ft.com/fttechhub/2011/02/china-games/