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China aims to ship over 25 million virtual reality (VR) devices by 2026, according to an action plan on the development of VR industry released on Tuesday. The scale of China’s VR industry, including hardware, software and applications, will exceed 350 billion yuan ($48.1 billion) by 2026, according to the plan jointly issued by the Ministry of Industry and Information Technology and four relevant departments.
The plan also involves cultivating 100 influential enterprises with strong innovation ability, building 10 leading VR industrial clusters with regional influence and developing 10 industrial public service platforms. The plan, which includes augmented reality and mixed reality in its definition of VR, also calls for making breakthroughs in key technologies and applications by 2026.
China released its first VR policy in December 2018.
The action plan is essential for coordinating industrial resources, clarifying development goals and promoting the integrated application of VR in various fields, said Chen Xi, a senior engineer at the China Academy of Information and Communications Technology, in a report published on Tuesday. It can also facilitate the development of the electronic information industry as well as the digital transformation and upgrade of traditional industries, Chen said.