1. In 2022, 95 Chinese colleges heeded the government’s call and started offering educational modules in Artificial Intelligence (AI)
95 colleges across the entire country started offering learning modules in AI as part of the respective school’s education curriculum. This was after the Chinese government’s recent encouragement for both public and private sector to align with the latest policy for the development of AI. Demand for talents with AI-related skill is escalating because of the strong growth in the sector.
Source: https://new.qq.com/omn/20220228/20220228A0
2. Growth of Metaverse limited by current level of technology
The metaverses emerging within the next ten years, would be based on simpler algorithms and lower resolutions. The development of advanced models is limited by the current level of server technology and internet speed. It would take about 30 years to develop a sophisticated metaverse that can support many more users at real time interaction speed. Even then, analysts estimated that the Year 2024 would be the Year of Virtual Reality (VR) and Augmented Reality (AR) with sales of VR/AR devices surpassing 75 million units.
Source: https://new.qq.com/omn/20220222/20220222A0C98Y00.html
3. Concerns about the rise of influencers and its negative impact on society
The popularity of digital live streaming platforms has given rise to influencers who wield significant influence over the Chinese. Influencers often stream live footages of themselves sleeping, eating and conducting other daily activities as ways to attract followers. It has been observed that some even dress scantily during the live stream. Others pepper the live streams with vulgarities when playing video games. There are rising interest within the government to encourage influencers to share useful knowledge that serve to educate viewers, control the types of online performances by influencers and provide guidance to digital live streaming platforms on adjustment of their incentive system.
Source: https://new.qq.com/omn/20220304/20220304A072FQ00.html
4. Transforming education with virtual reality (VR), augmented reality (AR) and experiential learning concept
Digitalization has changed dramatically how the younger generation is learning and the educational system must be able to keep up with times. Mr. Ding Lei, CEO of NetEase shared, during the fifth session of the 13th National Committee of the Chinese people’s political consultative conference, that education could harness the potential of VR and AR to further strengthen experiential learning models. He also argued for ideas such as creating a global platform for trading intellectual properties, battery technology and stronger focus on renewable energy and circular economy concepts.
Source: https://new.qq.com/omn/20220304/20220304A092S000.html
5. Chinese government steps in amid price hikes of rare-earth elements
In view of the continuous price increase of rare-earth elements, the Chinese government stepped in and reminded the relevant private enterprises such as China Rare Earth Group, Northern Rare Earth Group, and Shenghe Resources Company, of the rising prices of these products and to ensure the safety and stability of the entire industrial value chain. The government officials also reminded the private enterprises to keep away from market speculations and play a leading and positive role in normalising rare-earth elements’ prices.
Source: https://new.qq.com/omn/20220304/20220304A079BU00.html
Terra Link Research 