China Issues 3-Year Strategy On Metaverse Industry Development
China has released a three-year action plan to develop the metaverse industry, focusing on the integration of new technologies like artificial intelligence, blockchain, cloud computing, and virtual reality. The plan, spanning from 2023 to 2025, aims to construct advanced technological systems, foster a 3D interactive industrial metaverse, create immersive digital life applications, establish a systematic industrial support system, and establish a safe and credible industrial governance system.
The plan suggests making advancements in technology, application, and governance over a three-year period in the metaverse sector, turning it into a key growth pole of the digital economy and raising its overall strength to a level comparable to that of the most developed nations in the world.
It seeks to develop three to five globally significant businesses as well as numerous new ventures, business models, and business forms in industries like consumer goods and public services.
For consumption and tourism, for instance, services such as 3D product models, digital human guides, digital collections, and extended reality tours can be offered
(With inputs from Shikha Singh)
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