China plans to accelerate blockchain development and adoption in push to become a world leader in the technology by 2025

  • In a new document, China’s internet governance agencies highlighted the country’s effort to establish an ‘advanced blockchain industrial system’
  • Despite cracking down on cryptocurrencies like bitcoin, China wants to be a global blockchain leader in other applications such as intellectual property

Coco Fengin BeijingandMasha Borakin Hong Kong
China is ramping up efforts to develop its blockchain industry, which it hopes to make a world leader by 2025, according to a document from the Ministry of Industry and Information Technology and Cyberspace Administration of China. Photo: Shutterstock

China’s government is doubling down on its embrace of distributed databases with the establishment of an “advanced blockchain industrial system”, as the country looks to incorporate the technology into its economic and development plans.

The country plans to establish industrial standards, tax incentives and intellectual property protections to support the blockchain industry, for which it wants to become a world leader by 2025, according to a document released on Monday by the Ministry of Industry and Information Technology (MIIT) and Cyberspace Administration of China (CAC), the two agencies in charge of the world’s largest internet industry. The document also mentioned plans to enhance global cooperation under the Belt and Road Initiative (BRI).
Print option is available for subscribers only.
SUBSCRIBE NOW
Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved.