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Virtual Reality in China - The New Action Plan for Metaverse Technology

China s five departments: The scale of the virtual reality industry will exceed 350 billion yuan in 2026

(Reporter Liu Yuying) The "Virtual Reality and Industry Application Integration Development Action Plan (2022-2026)" released by five departments including the Ministry of Industry and Information Technology of China on November 1 proposed that by 2026, the overall scale of the virtual reality industry ( Including related hardware, software, applications, etc.) more than 350 billion yuan. After years of development, the virtual reality industry has initially built an ecosystem based on technological innovation, and is entering a strategic window period with product upgrades and integrated applications as the main line.

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