At Saturday’s Two Sessions, China’s most important series of political meetings, the country set a three-decade low GDP growth target of 5.5 percent for 2022, but the bleak economic prognosis did not dampen the delegates’ intense metaverse discussion.
For the first time, the metaverse was examined on a national scale at the Two Sessions. In the background, the term “metaverse” has become a buzzword in China over the last year, with digital giants Tencent, ByteDance, NetEase, and Baidu filing patent applications in the field.
Kong Falong, a National People’s Congress deputy and the party secretary of a rural credit cooperative in Jiangxi province’s southeast, told local media that he proposed establishing a national research center in the metaverse.
Kong believes that by increasing investment in talent development and metaverse technology development, the country will be able to take the lead in the new race.
Data security, information protection, and speculation issues may arise as the metaverse expands, and these should be governed effectively, according to Kong.
According to state media on Saturday , Zhang Ying, a member of the Chinese People’s Political Consultative Conference (CPPCC), an advisory body made up of industry leaders and party delegates, China’s metaverse sector is too focused on entertainment experience upgrades and lags behind in key technological developments.
Zhang also mentioned the “urgent” need for regulation, citing “serious” speculation in the metaverse’s current status. In separate interviews with local media sites, at least two other members of the CPPCC asked for metaverse regulations.
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