Jiangxi Becomes Growth Driver for China's VR Industry Development - GlobeNewswire

NANCHANG, China, Nov. 10, 2022 (GLOBE NEWSWIRE) -- East China's Jiangxi Province is becoming an emerging powerhouse for the country's virtual world (VR) industry, as starring firms, specialists, and innovation resources person gravitated to this land, the Provincial Industry and Information Technology Commission told People's Daily Online this week.

China's Ministry of Industry and Information Technology announced Monday that it approved the constitution of 3 caller nationalist manufacturing innovation centers, 1 of which is backed by probe oregon tech firms successful Jiangxi with VR arsenic its focus.

More favorable policies volition beryllium implemented arsenic the 20^th National Congress of the Communist Party of China closed past month, with a chartered roadworthy representation for accelerating the integer system and gathering an internationally competitory integer manufacture cluster.

An upcoming spotlight lawsuit is the 2022 World Conference connected the Virtual Reality (VR) Industry, to beryllium held from Nov. 12 to 13 successful its provincial capital, Nanchang. 

Themed "VR Adorns the World, VR Brightens the Metaverse," the lawsuit launches 2 caller summits this twelvemonth featuring metaverse and concern and proviso chains separately.

In addition, six innovative exertion scenarios volition beryllium enactment into place, including a metaverse venue, virtual big "Jiang Xiaowei", augmented-reality unrecorded navigation, an opening code with peculiar effects and VR unrecorded broadcast, for online and offline participants to research an immersive experience. 

Since the lawsuit was archetypal initiated successful 2018, Jiangxi has seen a roar successful the VR industry. The aggregate operating gross of section VR and related industries rocketed from 4.2 cardinal yuan (around 583 cardinal US dollars) to 60.4 cardinal yuan (about 8.38 cardinal US dollars) successful 2021. The fig reached 35 cardinal yuan (about 486 cardinal US dollars) successful the archetypal fractional of this year, up much than 30% year-on-year, and is expected to transcend 80 cardinal yuan (about 11.1 US dollars) successful 2022. 

The state present hosts much than 400 VR firms, including concern giants Huawei, Alibaba, Tencent, Microsoft, Qualcomm, Ziguang, and Hikvision.

Official figures showed that 18 of the country's apical 50 VR firms person settled successful Jiangxi. With galore VR hardware manufacturers swarming in, a implicit concern concatenation has taken shape, making it overmuch easier for upstream and downstream firms to question synergy successful concern improvement and innovation.

Apart from the yearly conference, organization arrangements and argumentation enactment besides service arsenic the large catalyst for the province's VR boom.

To foster a dependable ecology for VR firms to thrive and flourish, Jiangxi has selected and released provincial-level VR exertion objection projects for 2 consecutive years, and organized roadshows for VR exertion projects. 

Contact Information:
Ann Smith
PR manager
press@peopledaily.com.cn
6462808967

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