China on Tuesday unveiled an ambitious plan to boost the development of the virtual reality (VR) industry in the country to reach about $49 billion by 2026.
The plan relates to the development of hardware, software, and applications in the VR industry, Xinhua, reported.
The plan, jointly issued by the country’s ministry of industry and information technology and four relevant departments, aims to cultivate 100 enterprises with strong innovation ability and industry influence, while the sales of VR terminals is aimed to top 25 million units.
China also planned to build 10 leading VR industrial clusters with regional influence and 10 industrial public service platforms to foster the sector’s development.
Breakthroughs will also be made in key technologies and applications as of 2026, according to the plan.
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