China's stance on blockchain technology is overwhelmingly positive, strategic, and state-driven.
They view blockchain as a critical, foundational technology for their national digital infrastructure and future global competitiveness.
Here are the key points summarizing China's position:
1. National Strategic Priority
Top-Level Mandate: President of China personally identified blockchain as a critical breakthrough in core technologies in 2019, calling for accelerated development and innovation.
Five-Year Plan: Blockchain was listed for the first time in the "14th Five-Year Plan" as one of the seven major industries of the digital economy, cementing its role as a national priority.
Infrastructure Goal: China has a publicly announced goal to build a fully operational, national blockchain-powered data infrastructure by 2029, integrating both public and private sector systems.
They view blockchain as a critical, foundational technology for their national digital infrastructure and future global competitiveness.
Here are the key points summarizing China's position:
1. National Strategic Priority
Top-Level Mandate: President of China personally identified blockchain as a critical breakthrough in core technologies in 2019, calling for accelerated development and innovation.
Five-Year Plan: Blockchain was listed for the first time in the "14th Five-Year Plan" as one of the seven major industries of the digital economy, cementing its role as a national priority.
Infrastructure Goal: China has a publicly announced goal to build a fully operational, national blockchain-powered data infrastructure by 2029, integrating both public and private sector systems.