China's Industry Lobby Set Up a Metaverse Committee to Assist With Draft Standards
According to the report, more than 150 companies have joined the new committee. As the metaverse sector grows, delegates to China's Two Sessions, the country's most important series of political meetings, cautioned in March that regulation is urgently needed to manage data security and discourage speculation as the industry grows. Some local governments are embracing the new technology, with Xiamen announcing a three-year strategy in March to foster metaverse startups. However, a Chinese government-backed research tank has cautioned that the metaverse could pose national security risks.
China Opens a Metaverse Research Centre
Tsinghua University is a highly rated institution. China's first metaverse culture laboratory was established to encourage the study and growth of the country's developing metaverse environment. The new lab was established between Tsinghua University's School of Journalism and Communications and Chinese Online (COL), a mainland Chinese digital publishing enterprise. The event was led in person by Xiang Botao, deputy secretary of the Tsinghua University party committee, and Tong Zhilei, chairman and president of Chinese Online Group, with virtual anchors hosting in the metaverse.
