China’s top industry planner has released a new action plan to develop virtual reality in China. The action plan outlines key goals for the development of metaverse-related technologies up to the year 2026 and proposes key tasks and measures for the development of the industry. We discuss the importance of the plan and look at what the role of foreign investors may be in the future of China’s metaverse.

China has published the country’s first national-level policy document for the development of metaverse-related technologies, including virtual reality (VR), augmented reality (AR) and mixed reality (MR).

the Action plan for the development of industry application integration and virtual reality (2022-2026) (the “Action Plan”), published on November 2, 2022 by the…