The General Office of the State Council has released the 'Work Plan for Accelerating the Development of New Growth Drivers in Service Consumption.' This plan proposes conducting research to support the lawful and regulated participation of private capital in the online audio-visual services industry. Its overarching goal is to refine the policy framework that underpins this sector, fostering an environment conducive to orderly competition and innovative progress in markets like ultra-high-definition video and micro-dramas. The plan also places a strong emphasis on enhancing the governance of the online audio-visual ecosystem. This involves enriching the availability of high-quality content, fostering advancements in pivotal ultra-high-definition technologies, bolstering production and broadcasting capabilities, upgrading networks and terminal devices, and driving the seamless integration of the entire supply chain.
