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在线翻译:
szdaily -> Business/Markets -> 
Scrap gaming sector tax breaks: paper
    2021-08-06  08:53    Shenzhen Daily

CHINA should stop giving tax breaks to online video gaming firms because the industry has grown and some of its companies have now become globally influential players, the Securities Times newspaper said Thursday.

Local governments should cut off incentives for gaming companies that were introduced in the past to encourage the development of a domestic software industry, the newspaper wrote in a commentary piece. In fact, they should assume more responsibility and give back to society via higher taxes, said the Shenzhen-based newspaper, one of the country’s main financial outlets.

The report comes as the Chinese video gaming industry has in recent days become a topic of multiple domestic media reports, triggering investor concerns that the industry could be next in line to be targeted by regulators.

On Tuesday, the Economic Information Daily called online video games “spiritual opium” in an article that went viral and wiped US$60 billion off the share price of gaming giant Tencent Holdings Ltd. at one point. The phrase was later edited out of the piece.

The Securities Times did not cite any companies by name in its report Thursday.

“The government should no longer need to give industry support when these software industries have developed and obtained comparative advantages,” it said. (SD-Agencies)

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