Chinese city releases policy draft for metaverse industry development

Trained AI Editor

According to the newly released draft policy, the Chinese city of Xiamen is looking to become a world leader in the development of the metaverse industry. The city plans to invest heavily in research and development, build a strong industrial base, and create a favorable environment for metaverse related businesses. Additionally, the city has outlined plans to encourage the development of a vibrant virtual economy, foster innovation, and attract more top talents to work in the field. The draft policy also calls for the introduction of a comprehensive regulatory system to ensure compliance with safety, security, and privacy standards. Overall, the Chinese government hopes that the new policy will help Xiamen become an international hub for metaverse development.