Expert: Chinese authorities on the right track shaping up regulatory framework for metaverse

China's State Council recently unveiled a plan to facilitate the development of the digital economy over the 14th Five-Year Plan period (2021-2025). The plan outlines key tasks, including upgrading digital infrastructure and expanding international cooperation on the digital economy. It also supports 6G research and new business modes. The news again fueled discussions about the metaverse and its developers in China. Andy Mok, a senior research fellow at the Center for China and Globalization, said the metaverse could be a big market in the future although certain concepts are still vague. But Chinese authorities are on the right track in shaping up the regulatory framework for the metaverse, with last year's introduction of the Data Security Law, he said. 

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