China’s Most Populous City, Shanghai Set To Set Up Five Industrial Parks Worth US$70 Billion By 2030, With Empowerment Of The Country’s Emerging Technology And Extended Reality (XR) Capabilities, Yicai Global mentioned Thursday.
The new groups will focus on energy, space exploration, healthcare, materials research, and intelligence, along with other key emerging technologies.
In terms of the intelligence cluster, it will focus on artificial intelligence (AI), quantum computing, and 6G, among others, in an effort to position the city in the position of digital transformation and global leadership goals.
The municipal government also plans to build five technical colleges to attract and train new talents in the technology sector. It will also develop 15 industrial innovation centers to facilitate emerging technologies.
This news follows more reports in August open An additional $9.24 billion for 32 industrial projects across Shanghai’s commercial district, Pudong. The funding comes amid the ongoing COVID-19 pandemic, which hit Chinese industry and companies in its latest wave from March to May.
Officials like Li Hui, director of the Pudong Science, Technology and Economics Commissionhas awarded funding to 13 global technology leaders, including General ElectricNokia Lenovo, and BASF to create startup incubators in the region. Several companies are pioneers in the field of XR and smart city technologies.
Emerging Chinese tech ambitions
The news comes after Chinese media reported that Shanghai is aiming for it Enhancing the infrastructure of the 5G network To accommodate the emerging technological demand for Virtual, Augmented and Mixed Reality (VR/AR/MR) across national industry sectors.
The 1.85 million 5G base stations in China serve 450 million users, or 60 percent of the total 5G users worldwide.
In July, the Shanghai government also supported $52 billion Metaverse plan until 2025, as indicated in its five-year plan. It outlines a massive initiative to create processors, XR devices, AI, cloud computing, computing, 5G, blockchain and other emerging technologies.
China Unicom recently join 2022 Winter Olympics and Paralympic Games in Beijing, in collaboration with Huawei Technologies to provide AR-enabled statistics for attendees.
This news comes amid increasing competition in the global technology community, specifically with governments competing for the first positions among the technology centers in the world.
Locations such as the United States, Dubai, Saudi Arabia, South Korea and Brussels have started their own Metaverse ambitions With new legislation, funding and research and development initiatives.
Huawei XR efforts amid the US-China trade war
Recent efforts are also aimed at upgrading China’s domestic technological capabilities, specifically in the midst of continuing Trade war and increased competition with us.
Numerous sanctions sparked urgent demand for domestically produced tech solutions after former US President Donald Trump imposed sanctions, restrictions and blacklists on Beijing.
Many of the affected companies include Huawei and ZTE. ByteDance et al were later targeted But it was not included in the blacklist along with the largest telecom company in the world.
Huawei’s rotating chairman Ken Hu recently Urge global telecom providers To develop more 5G use cases across sectors to improve interoperability, competition and green solutions.
The tech giant also called on global tech companies to do so collaborate On 6G connectivity and eMBB+ to accommodate the rise of the Metaverse, the spatial communications platform that is set to succeed the Internet.
Despite commercial restrictions, the Shenzhen-based company has developed many key emerging technology solutions. This will include the new VR Glass headsetCloud computing solutions and smart augmented reality glasses.
It also supports plans to develop Internet of Things (IoT) solutions for the Harmony Operating System (OS), including connected car technologies. Other companies such as Nreal and ByteDance’s Pico Interactive have released new AR smart glasses and MR headsets, respectively, to expand China’s immersive ecosystem.