China Pushes National Blockchain Network Under 19-Measure Plan

China is pushing to establish a national blockchain network as part of a new policy package aimed at strengthening the country’s digital infrastructure and its integration with the wider economy. The 19-measure document, issued by the Communist Party of China Central Committee and the State Council on October 9, places blockchain development alongside national computing capacity, industrial internet systems and reforms to data governance. According to Xinhua’s publication of the guidelines, the government wants to accelerate the integration of digital technologies with manufacturing and other productive industries. The policy does not announce a new cryptocurrency or a public blockchain launch.