BEIJING: China will push forward with high-quality development of the VR industry as the country drafts the 14th Five-Year Plan for its social and economic development from 2021 to 2025, Vice Premier Liu He said at the 2020 World Conference on VR (virtual reality) Industry.
The two-day event, themed “New Opportunities, New Prospects,” kicked off on Monday in Nanchang, capital of east China’s Jiangxi Province. In his keynote speech at the opening ceremony, Liu said that China is committed to a dual circulation development pattern, and VR has great potential. He said the COVID-19 pandemic this year has greatly stimulated the development of non-contact businesses like VR. And with the advent of the 5G era, VR technology and the real economy will be integrated in a wider, deeper and higher level. He also proposed three suggestions for the high-quality development of the VR industry.
Firstly, to advance the construction of new infrastructure such as 5G, the Internet of Things (IoT), industrial internet, artificial intelligence (AI), cloud computing and data centers.
Secondly, to explore major VR applications in various industries including manufacturing, education, health care, entertainment, trade and logistics. Thirdly, to deepen international cooperation in new technologies and establish a global supply chain. The conference, co-hosted by the Ministry of Industry and Information Technology (MIIT) and the provincial government of Jiangxi, has been held in Nanchang annually since 2018. During the two previous conferences, a total of 261 projects, worth 128.4 billion yuan (about $19 billion), were inked.
–The Daily Mail-CGTN exchange item
