Sixth Tone (September 30) quoting provincial government reports said at least six provincial
governments as well as local authorities in ten cities — including Beijing, Shanghai, and
Chongqing — have issued either development plans with a focus on the metaverse or specific
supportive measures for people working in the field. These indicate that Guangzhou, Hangzhou,
and Wuhan, along with the eastern Shandong province, plan to provide subsidies ranging from
2 million yuan to 200 million yuan ($282,000-$28 million) for metaverse...projects, along with
housing benefits to attract talent. It added that most recently Henan announced its ambitious
plan to join the metaverse race. The province plans to build a 30-billion-yuan metaverse
industry and cultivate 10 metaverse companies with “core competitiveness” along with
hundreds of specialized and smaller ones by 2025.
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