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Key Takeaways
- China’s new policy calls for a national blockchain network.
- The document gives no operator, technical design, budget or timetable.
- Shanghai’s existing hub points to digital identity, privacy and data-verification services.
- The plan does not merge the network with the digital yuan.
Blockchain has entered China’s infrastructure plan
The Communist Party of China Central Committee and the State Council issued their Opinions on Developing New Quality Productive Forces on October 9. The policy focuses on strengthening technology-led industries and bringing the digital economy closer to manufacturing and other parts of the real economy.
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