Visitors experience an interactive game with virtual reality (VR) devices at the Intelligent Industry & Information Technology exhibition area of the fifth China International Import Expo (CIIE) in east China's Shanghai, Nov. 7, 2022. (Xinhua/Hou Jun)
BEIJING, Nov. 14 (Xinhua) -- The investment and financing of China's virtual reality (VR) industry have increased by over 100 percent in the year 2021, with the number of related enterprises having exceeded 10,000, according to the Ministry of Industry and Information Technology (MIIT), reported Economic Information Daily recently.
In recent years, China's VR industry has witnessed accelerated development and gained strong momentum, with new application scenarios, new models and new forms of business emerging in various sectors including industry, culture, education and so on.
Seizing the development opportunity, the MIIT will enhance deep integration of VR and real economy, promoting high-quality development of the industry, according to Wang Jiangping, vice minister of industry and information technology, in the remarks made during the 2022 World Conference on VR Industry which was opened on Saturday in Nanchang, capital of east China's Jiangxi Province.
Specifically, the ministry will speed up innovation of technological products by encouraging cooperation among industrial, academic and research sectors to promote R&D of theoretical foundations, key technologies and applied technologies. Through building a VR standard system that covers the whole industrial chain and a public service platform for key generic technologies, the ministry is committed to improving all links in the VR industry.
It is also expected that the ministry will strive to forge competitive industrial clusters, bringing together upstream and downstream enterprises to promote integrated development. At the mean time, the MIIT will strengthen international communication and cooperation in the field, encouraging resource exchanges among stakeholders at home and abroad who can jointly share the development dividends of the VR industry.
(Edited by Yu Huichen with Xinhua Silk Road, yuhuichen@xinhua.org)
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