ANNOUNCEMENT 01 Mar 2019
March 1st, 2019 - The Chinese government released a plan to provide support to the domestic ultra HD video industry.
NUMBER OF INTERVENTIONS
PRC Ministry of Industry and Information Technology, March 1st, 2019. (工信部联电子〔2019〕56号 三部门关于印发《超高清视频产业发展行动计划（2019-2022年）》的通知)
On March 1st, 2019, the Chinese Ministry of Industry and Information Technology released the announcement Gongxinbu Liandianzi 2019/56 (hereafter, 'Announcement'), titled "Ultra HD Video Industry Development Action Plan (2019 - 2022)" which aims to accelerate the development of the ultra-high-definition video industry. Ultra HD video is defined by the Announcement as video and associated technology that is compatible with 4k/8k resolution standards.
The Announcement specifically states that 'investment funds' to support ultra HD video application will be established, as well as official government pushes to investment firms to put funds into this area.
Sectoral targets of the plan are given as follows:
Support will be given to firms/projects that seek to implement ultra HD video to increase technological standards in these industries.