Not really. Germany bans a ton of violence and has forever. Yet we still had… every game ever.
It’s an issue, but it’s also fairly easy to get around in most cases. “Chinese” versions of games have always been a thing. It’s usually just a couple art asset changes here and there.
I’ll grant you that it can become an issue if the studios start really chasing Chinese money, but the only alternative is overthrowing the CCP, which isn’t going to happen. Or banning all trade with China and we’re seeing how well even a taste of that is working out.