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| China is starting to push the 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 has 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 leverage it to boost manufacturing, making it more advanced, smarter, and more environmentally friendly.
Metaverse is expected to become 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. Several local governments have also introduced policies to support Metaverse development.
For example, China's Henan Province plans to develop a 100 billion yuan hyperspace industry by 2025, focusing on creating an “industrial hyperspace,” “educational hyperspace,” “energy hyperspace,” and “virtual human hyperspace.”
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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