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I work for a localization team that translates the games to Chinese.
We are currently working on a Kanto remake made by ICLA that is a remake of Red and Blue. Don't have much to say other than it's faithful to the originals.
The next games after will be a reboot of the franchise named Brawn & Finesse. Along with this brings a permanently removal of many Pokemon like Rèdàilóng and Dàwĕilì since the games will have a survival of the fittest theme. These games are require an Internet and the player can be challenge by other players at any time during their journey. Service is planned for monthly content in a duration of three years with a first week celebration of Pēnhuǒlóng.