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Wu Jiezhuang Proposes Healthy Development of Yuan Universe Industry at 2023 National Two Sessions

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It is reported that Wu Jiezhuang, a member of the National Committee of the Chinese People\’s Political Consultative Conference and a member of the Legislative …

Wu Jiezhuang Proposes Healthy Development of Yuan Universe Industry at 2023 National Two Sessions

It is reported that 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 the Yuan Universe Industry in the 2023 National Two Sessions. Wu Jiezhuang said that at present, there are challenges in the development of the universe industry. On the one hand, the “double-edged sword effect” of advanced technology is prominent, and traditional information security and ideological protection are challenged. On the other hand, there is currently a lack of mature supervision over the operation mode of metauniverse capital, virtual world financial payment and NFT. At present, the United States has developed rapidly, and China is close to it in concept and has a large market. Japan, South Korea and other countries are also actively promoting the development of the yuan universe. To this end, Wu Jiezhuang suggested that China take the development of “digital currency” as a precedent, pay full attention to the development and governance of the metauniverse, actively promote the technological progress and infrastructure construction supporting the development of the metauniverse, and pay attention to the prospective governance of the metauniverse.

Wu Jiezhuang, member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC): At present, there is a lack of mature supervision over the yuan universe, virtual world financial payment and NFT

Analysis based on this information:


Wu Jiezhuang, member of the National Committee of the Chinese People’s Political Consultative Conference and the Legislative Council of the Hong Kong Special Administrative Region, has submitted a proposal advocating for the healthy development of the Yuan Universe Industry during the 2023 National Two Sessions. The universe industry is currently faced with challenges in its development, the most prominent being the “double-edged sword effect” of advanced technology. Wu Jiezhuang identified that traditional information security and ideological protection are being challenged as a result of this development. Another issue that requires urgent attention is the lack of mature supervision over the operation mode of metauniverse capital, virtual world financial payment, and NFT.

The United States has rapidly developed its universe industry, and other countries such as Japan and South Korea are actively promoting its development. In response to this, Wu Jiezhuang suggests that China should take the development of digital currency as a precedent and pay closer attention to the development and governance of the metauniverse. This approach would entail actively promoting technological progress and infrastructure construction that supports the development of the metauniverse, as well as employing a prospective governance approach.

Wu Jiezhuang’s proposal aims to protect China’s position in the global market and help it capitalize on the universe industry’s potential. China’s concept aligns with the development of the universe industry, and there is a considerable market waiting to be tapped. Wu Jiezhuang’s proposal is part of the government’s broader efforts to enhance its technological and economic power on a global scale.

In conclusion, Wu Jiezhuang’s proposal is crucial in positioning China to take advantage of the universe industry’s potential. It would help facilitate the evolutionary process of technology, infrastructure, and governance necessary for the industry’s development. The proposal underscores the necessity of proactive measures to harness the benefits of emerging technologies while guarding against potential risks.

Overall, the healthy development of the universe industry is vital for China’s technological and economic progress, and Wu Jiezhuang’s proposal is a step in this direction.

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