Tagged: xi jinping

China’s Blockchain Industry Is Expected to be Valued at Over $2 Billion By 2023: Report

A recent report published by global market intelligence company IDC has revealed that China’s blockchain industry is on track to experience substantial growth in the next few years. As reported by Xinhuanet, China’s blockchain ecosystem is expected to be valued at more than $2 billion… Read More

China Goes Full Bore on Blockchain, Bans Content Critical of the Controversial Tech

Despite an official ban on cryptocurrency trading imposed progressively in the region since 2016, China now appears to be throwing its full weight behind “blockchain,” a type of distributed-ledger technology popularized by Bitcoin that many critics claim is of little use outside of it. A… Read More

People’s Daily News Advises Calm as Blockchain and Crypto Speculation Swell in China Following Endorsement by President Xi Jinping

Chinese state news site The People’s Daily is advising Chinese investors to be “rational” despite excitement raised by President Xi Jinping’s recent remarks endorsing, “accelerate(d) development of blockchain technology and industrial innovation.” According to Reuters, The People’s Daily urged Monday: “Blockchain’s future is here but… Read More

China: Xi Jinping Tells World that Blockchain is an Important Development and China Will Take the Lead Globally

China’s General Secretary Xi Jinping has commented on the importance of blockchain technology noting that China plans to lead the world in the development of blockchain including financial services and other areas. According to Xinhua, yesterday, at the 18th collective study of the Political Bureau… Read More

China Tolerating Bitcoin Mining in Remote Regions: “Xi Desires This Power for China”

In an atmospheric piece filed 2700km from Shanghai and 3000 miles above sea level, Nikkei Asian Review reporter Yusho Cho describes a 7000 computer-strong mining operation quietly thrumming out Bitcoins in the remote western plateau region of Qinghai. Local authorities, says Cho, are fine with… Read More

More Blockchain Tales From China: President Xi Jinping Enthused

In yet another blockchain news item emanating from China this week, multiple reports are sharing that China’s potential “president for life,” Xi Jinping, recently named blockchain as one of a triumvirate of new technologies (including IoT and AI) that will drive, “a new industrial revolution.”… Read More

China: WeiyangX Fintech Review

National Financial Work Conference Points Out Clear Way for Building Financial ‘Super Regulator’ The two-day national financial work conference held from July 14-15 in Beijing came up with major principles for the country’s financial work, and make statements about direct financing and the construction of… Read More

China: WeiyangX Fintech Review

Financial Technology Becomes a New Spotlight of the Belt and Road Initiative Belt and Road Forum for International Cooperation, also known as the Belt and Road Initiative, was held in Beijing on May 14-15. President Xi Jinping highlighted the role that financial technology has played… Read More

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