Wu Jiezhuang, member of the National Committee of the Chinese People’s Political Consultative Conference: To prevent the metaverse from “moving from the real to the virtual” and the waste of resources under the capital boom

Odaily Planet Daily News 2023 National Two Sessions, Wu Jiezhuang, a member of the National Committee of the Chinese People’s Political Consultative Conference and a member of the Legislative Council of the Hong Kong Special Administrative Region, submitted a “Proposal on Promoting the Healthy Development of Metaverse Industry”. Wu Jiezhuang introduced that at present, there are challenges in the development of metaverse industry. On the one hand, the “double-edged sword effect” of advanced technology is highlighted, and traditional information security and ideological protection are challenged. On the other hand, there is currently a lack of mature supervision of the metaverse capital operation method, virtual world financial payment, and NFT. At present, the U.S. metaverse is developing at a faster rate, and my country is close to it in concept and has a larger market. Japan, South Korea and other countries are also actively promoting the development of the metaverse. To this end, Wu Jiezhuang suggested that my country should take the development of “Crypto currency” as a lesson, pay full attention to the development and governance of the metaverse, actively promote the technological progress and infrastructure construction that support the development of the metaverse, and pay attention to the forward-looking governance of the metaverse. Wu Jiezhuang suggested, “The development of the ‘Metaverse’ should not overemphasize the creation of consumer-grade virtual space, and it is necessary to prevent the waste of resources under the capital boom. Digital twins and 3D imaging under the development vision of the ‘Metaverse’ should be encouraged.” The application of technologies such as smart manufacturing, smart medical care, and smart cities will promote emerging technologies to better serve the development of the real economy, further innovate social governance models, and improve the level of intelligence in public services.” (Central Broadcasting Network)

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