China announced a “new quality productive forces” development plan comprising 19 measures, including the construction of a national blockchain network and a national integrated computing power network. This plan aims to treat computing power as a public utility comparable to the electrical grid to meet the growing demand for AI computing across the entire territory. The national blockchain network is mentioned as the 9th measure in the chapter on integrating the real economy and the digital economy, without details on use cases or the operating model. This announcement does not signify an opening of China toward Bitcoin or cryptocurrencies, as the country maintains its systematic rejection of these digital assets.
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