China Launches Three-Year Action Plan to Boost Metaverse Industry
China has officially rolled out a three-year action plan to drive the growth of the metaverse industry, according to reports by CGTN and SCMP. The plan, effective from 2023 to 2025, was jointly announced by five Chinese ministries, including the Ministry of Industry and Information Technology. Its aim is to integrate innovative technologies like AI, blockchain, cloud computing, and virtual reality into the metaverse. The action plan consists of five main tasks, including the development of advanced technological systems and the establishment of comprehensive industrial support systems.
The metaverse is described as an immersive space where the digital and physical worlds converge. It is not only an industry that combines innovation and new-generation technologies, but also a sophisticated form that merges digital and real economies. China intends to build several industrial clusters around emerging technologies by 2025, while promoting the application of the metaverse in sectors such as home appliances, automotive, aerospace, steel, and textiles.
Hot Take: China Takes a Major Step Towards Metaverse Development
China’s launch of a three-year action plan to boost the metaverse industry demonstrates the country’s commitment to becoming a global leader in this field. By integrating advanced technologies and promoting the application of the metaverse in various sectors, China aims to accelerate the development of next-generation internet technologies and modernize its industrial system. This multi-sectoral approach involving multiple ministries highlights the importance China places on the metaverse industry. As the plan progresses, significant advancements are expected in technology, application, and governance within the metaverse industry. China’s focus on creating a world-leading metaverse ecosystem and establishing a sustainable industrial development environment sets the stage for a thriving metaverse industry in the country.
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