China aims to become a leader in the Metaverse industry

With breakthroughs in research and deployment of next-generation Internet connection technologies, China is clearly demonstrating its ambition to become a leader in the Metaverse industry.

Trung Quốc đang bắt đầu thúc đẩy Metaverse sử dụng trong công nghiệp với mục tiêu nâng cao hiệu quả sản xuất.

China is starting to push Metaverse for industrial use with the goal of improving manufacturing efficiency.

In policy documents released by five Chinese ministerial agencies, headed by the Ministry of Industry and Information Technology (MIIT), China revealed a roadmap to establish three to five “globally influential” virtual space companies (Metaverse) by 2025.

The plan represents China's ambition to build industrial clusters around emerging Metaverse technologies, developing applications and governance for the next generation of disruptive internets.

The paper highlights the potential of Metaverse technology in various industries, including home appliances, aerospace, automotive, steel, and textiles.

This Chinese plan aims to seize the global acceleration opportunity for the Metaverse industry and use it to boost manufacturing, making it more advanced, smarter, and more environmentally friendly.

Metaverse is supposed to be the next generation of Internet connectivity - a tight and authentic combination of the physical world and the digital world. With the expectation of bringing users rich experiences, it must have the capacity to transmit large amounts of data with relatively low latency.

China's commitment to Metaverse technology goes beyond the national level, with several local governments also introducing policies to support Metaverse development.

For example, China's Henan Province plans to develop a 100 billion yuan superspace industry by 2025, focusing on creating an “industrial superspace,” “educational superspace,” “energy superspace,” and “virtual human superspace.”

In addition, the Shanghai government also announced the establishment of a 10 billion yuan industry fund dedicated to the development of Metaverse.

China's plan reflects its ambition to become a leader in the Metaverse industry, tapping into its economic growth potential as well as technological advancement.

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