China lifts ban on PlayStation 4 and other video games

After 14 years, China finally lifts their ban on video games.

Sony, Microsoft, and Nintendo are all able to sell their consoles in the Chinese market after a ban was lifted on foreign video game consoles.

From Gamespot:

Reuters reports that the Chinese State Council now allows the big three console manufacturers to make consoles within Shanghai's free trade zone and then sell them in China, provided they get government approval.

According to the report, the ban began in 2000 "following concerns about potential harm to the physical and mental development of children."

This is a big moment for all three companies, considering there are approximately 1.36 billion people in China as of today, or 19.1 percent of the world's population.

As soon as the government approves the ban lift, expect company executives to see bags of cash rolling in.