I know that some will be arguing that what China is cooking right now is not actually a real cryptocurrency due to its centralized and state-controlled nature. But what the heck, China is the next world superpower and it is seeing the vision of using cryptocurrency to further its entrenched economic position all the world.
I am seeing a great potential of this coming state cryptocurrency to be utilized in transacting business with China or in eCommerce department, and this is a huge potential. Jack Ma must already be thinking something how to exploit this great opportunity.
Are you seeing what I describe here? China is conquering the globe without using any sword...
China never mentions anything if that country wants to use crypto or accept crypto as a payment system. I'm not sure about that, what has already talked by china's president is about blockchain that will be used in all of the systems in China.
Jack ma had taken a step ahead with the blockchain before Xi-Jinping was declaring if blockchain has a huge potential to change anything.
https://cointelegraph.com/news/e-commerce-giant-alibaba-to-integrate-blockchain-into-intellectual-property-system The implementation is not yet happened, but I believe crypto can get small advantage from there. I'll not try to speculate anything because it's too vague to define a conclusion that we can take from the statement that has already made by china's president a few days ago.