The Chinese government banned video game consoles in 2000, citing fears over the effect that games could have on young players' mental and physical development. That could change at some point in the future, however, according to a government source that spoke to the state-run China Daily.

"We are reviewing the policy."

"We are reviewing the policy and have conducted some surveys and held discussions with other ministries on the possibility of opening up the game console market," said the source. "However, since the ban was issued by seven ministries more than a decade ago, we will need approval from all parties to lift it."

With the recent release of the Wii U and the expected launches of new PlayStation and Xbox systems later this year, the prospect of the world's most populous country joining the fray could have a significant impact on the global video game market. Games are popular in China, but since the ban went into effect, residents have largely had to rely on PCs, mobile devices, and less than legitimate measures.