China unveils plan on VR development - Chinadaily.com.cn - China Daily

Two workers amusement the metaverse wearable facilities astatine the China International Fair for Trade successful Services held successful Beijing, connected Sept 3, 2022. [Photo/VCG]

BEIJING - China connected Tuesday unveiled a program to boost the improvement of the virtual world (VR) industry.

By 2026, the full standard of China's virtual world industry, including related hardware, software, and applications, volition transcend 350 cardinal yuan ($48.56 billion), according to the program jointly issued by the Ministry of Industry and Information Technology and 4 applicable departments.

Meanwhile, the program aimed to cultivate 100 enterprises with beardown innovation quality and manufacture influence, portion the income of VR terminals is aimed to apical 25 cardinal units.

China besides planned to physique 10 starring VR concern clusters with determination power and 10 concern nationalist work platforms to foster the sector's development, it said.

Breakthroughs volition besides beryllium made successful cardinal technologies and applications arsenic of 2026, according to the plan.