According to Foresight News, the Shandong Provincial Department of Industry and Information Technology has drafted the 'Guiding Opinions on Accelerating the Innovation and Development of the Metaverse Industry in Shandong Province' and is soliciting public opinions. The guidelines show that Shandong Province plans to achieve an annual growth rate of about 15% in the metaverse-related industries by 2025, reaching a scale of about CNY 1500 billion. Key enterprises are expected to apply for more than 3,000 international and domestic patents in total.

In addition, Shandong Province will support the construction of more than 30 metaverse public application experience centers, create 100 metaverse characteristic application scenarios, and develop a batch of consumer electronics, digital content, new display technologies, and other products and services.