The Ministry of Industry and Information Technology (MIIT) in China has introduced a comprehensive three-year action plan aimed at driving innovation and development within the country’s burgeoning metaverse industry. This plan, jointly released by MIIT and four other governmental departments, outlines a series of measures designed to propel the growth of the metaverse sector during the period from 2023 to 2025.
The action plan’s key objectives include:
1. Advancing Metaverse Technologies: The plan prioritizes the development of cutting-edge metaverse technologies and the establishment of robust industrial systems to foster sector expansion.
2. Achieving Breakthroughs by 2025: The plan sets a target to achieve significant breakthroughs in metaverse technologies, industries, applications, and related areas by the year 2025. The metaverse is envisioned to become a substantial driver of growth within the digital economy.
3. Global Influence: As part of the plan’s aspirations, it aims to nurture three to five metaverse-related companies with global reach and establish three to five industry cluster districts dedicated to the metaverse by 2025.
4. Integrated Innovation: The plan emphasizes the need for integrated innovation in key metaverse technologies.
5. Primary Tasks: The plan delineates five primary tasks within the industrial metaverse and digital life sectors.
China’s comprehensive approach to advancing the metaverse aligns with its ambition to position itself as a leader in this rapidly emerging digital realm. This strategic plan underscores China’s commitment to fostering innovation, nurturing key industry players, and capitalizing on the potential of the metaverse as a significant driver of economic growth and technological advancement.
