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China orders national blockchain network in top-level economic blueprint

China's Communist Party and State Council have directed the development of a national blockchain network as part of a broader economic blueprint, emphasizing state control over digital infrastructure.

Portrait of Chinese leader Xi Jinping wearing a dark suit and purple tie.
Image: @WhaleInsider

China's Communist Party and State Council have ordered the construction of a national blockchain network as part of a new top-level blueprint for the country's economy, according to Cointelegraph. CoinGape reported that the leadership proposed the national network alongside expanded artificial intelligence and quantum computing initiatives designed to advance China's digital economy.[3][5]

The project is outlined as a 19-point plan focused on integrating blockchain across manufacturing, finance, and data sharing, according to crypto.news. The framework also encompasses upgrades to data ownership rules and cross-border data flows. Crypto Briefing noted that the initiative heavily emphasizes state control and could redefine global data markets while influencing international regulatory frameworks.[2][7]

Multiple industry outlets, including Watcher Guru and BlockNews, similarly reported China's official call to build out the network as part of national economic strategy. However, despite the top-level mandate, policy guidelines published for the initiative provide no concrete details regarding its execution, according to TSN Media.[1][4][6]

Key facts

  • China's Communist Party and State Council ordered the construction of a national blockchain network under a new top-level economic blueprint.
  • The blockchain initiative is accompanied by expanded artificial intelligence and quantum computing initiatives to advance the digital economy.
  • The initiative consists of a 19-point plan targeting blockchain adoption across manufacturing, finance, and data sharing.
  • The plan includes upgrades to data ownership rules and regulatory policies for cross-border data flows.
  • Crypto Briefing reported that the blockchain initiative emphasizes state control and could affect global data markets and regulatory frameworks.
  • China's policy guidelines for the national blockchain network contain no technical or implementation details, according to TSN Media.

Sources 路 7 sources

  1. WG

    Watcher.Guru@WatcherGuruPost on X 路

    JUST IN: 馃嚚馃嚦 China officially calls for the construction of a national blockchain network as part of its economic strategy.

    Open source
  2. CN

    crypto.news@cryptodotnewsPost on X 路

    JUST IN: China unveils a 19-point plan to build a nationwide blockchain network The initiative targets blockchain adoption across manufacturing, finance and data sharing, alongside upgrades to data ownership rules and cross-border data flows. https://t.co/lerRK9Cimt

    Open source
  3. CO

    Cointelegraph@CointelegraphPost on X 路

    馃嚚馃嚦 BIG: China's Communist Party and State Council just ordered a national blockchain network to be built as part of a new top-level blueprint for the country's economy. https://t.co/PD3HWTWFhl

    Open source
  4. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 JUST IN: 馃嚚馃嚦 China officially calls for the development of a national blockchain network as part of its broader economic strategy. https://t.co/pROWKAV1S9

    Open source
  5. CO

    CoinGape@CoinGapeMediaPost on X 路

    馃毃 #China Plans National Blockchain Network China鈥檚 Communist Party and State Council proposed a national #blockchain network alongside expanded #AI and quantum computing initiatives to advance the #digital economy. 馃敆 Know more in comments

    Open source
  6. KO

    kook@KookCapitalLLCPost on X 路

    china just put a national blockchain network into its official economic blueprint the same country that "banned crypto" like 10 times..... they never hated the tech they hated not owning the rails you dont put something in a national blueprint unless you plan to run it now the biggest state on earth is building them while everyone here panic sold $82k kookletter readers have been saying it all year the next leg comes from governments not degens are you really going to be bearish into this????

    Open source
  7. CB

    Crypto BriefingArticle 路

    China calls for national blockchain network in new technology push China's blockchain initiative could redefine global data markets, emphasizing state control and potentially influencing international regulatory frameworks. The post China calls for national blockchain network in new technology push appeared first on Crypto Briefing .

    Open source