Images: Linnaea Mallette, Windmill Farm; Tom Ffiske, Woman On Grass With VR Headset; Jônatas Ferreira Jona F, Panama Canal; Mark Yang, Singapore Sea Lion and Skyline (Publicdomainpictures.net)
This issue of SinoExpress™, a monthly newsletter of SINOTALKS®, covers why California is well-placed to reap benefits brought by the Biden-Xi meeting, how the Metaverse brings China and Meta closer, what challenges the Panama and Suez Canals present to trade, and Singapore’s insights about Asia.
Since late 2021, China has been pushing the development of the Metaverse and expressing its keen interest in joining the Digital Economy Partnership Agreement, which was signed by Chile, New Zealand, and Singapore in June 2020. These efforts and their latest developments, together with President XI Jinping’s current visit to Central Asia, help show China’s strategic preparations for the future.
A wave of Metaverse heat has been spreading across China. Governments in many cities in China have rolled out their action plans to push the development of the Metaverse. What actions have technological companies in China taken to seize these opportunities? How can foreign parties ride this Metaverse heat wave to optimize their gains in China?