China plans to invest heavily in 'virtual world'

The document outlines a detailed plan from 2023 to 2025, emphasizing the application of the metaverse to various industries, such as home appliances, automotive, and aerospace.

According to the plan, manufacturing industries such as steel and textiles could also adopt related technologies to optimize planning, raw material calculations and other parts of the production process.

Photo: SCMP

The Ministry of Industry and Information Technology (MIIT) is the lead agency responsible, along with the Ministry of Education and Tourism of China, along with the State Council's State Enterprise Administration and the National Radio and Television Administration.

In the long term, China wants to build a metaverse development platform for industrial use that can help drive new growth in manufacturing, according to the document.

The plan is aimed at “seizing the global acceleration opportunity of the metaverse industry”, which has the potential to “lead the next generation of internet development and accelerate the upgrading of manufacturing to become more advanced, smarter and greener”.

Some of the key technologies involved include blockchain, which supports data transfer and governance in the metaverse, as well as advanced electronic components and other hardware innovations.

Metaverse refers to an immersive virtual world where people will have a virtual avatar and they will be able to interact with each other just like in real life. Virtual reality (VR), augmented reality (AR) and mixed reality (MR) technologies are considered as the foundations for the development of virtual worlds.

Hoang Ton (according to SCMP)

Source: https://www.congluan.vn/trung-quoc-len-ke-hoach-dau-tu-chuyen-sau-vao-the-gioi-ao-post264001.html