The government aims to integrate digital technologies more deeply into the real economy, expand digital applications across economic and social activities, and strengthen cybersecurity and related legal and technical standards by 2030.
China’s leadership is pushing for the construction of a national blockchain network alongside an integrated computing power network as part of an effort to upgrade industrial infrastructure and improve technological self-reliance.
Earlier this month, the Communist Party Central Committee and the State Council outlined the measures in a policy framework for developing new productive forces, which also prioritize manufacturing digitalization, AI and emerging technologies.
Although China is advancing blockchain infrastructure, it continues to restrict crypto trading and related business activities. Regulators reaffirmed the restrictions earlier this year, extending the policy framework to yuan-pegged stablecoins and real-world asset tokenization.
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