The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?
It's great that China invests in cryptocurrency. This will certainly help the current economy. In general, I am sure that China can become a leader in cryptocurrency.
The information technology industry in China is currently undergoing strong development in the jurisdiction. I think blockchain is not out of this portfolio, no matter what people think they are forbidding crypto and exchange, but it's not that they will not develop it.